Roberts pfp
Roberts
@zoeyyyyl
When the MACD indicator shows a golden cross, it’s a bullish signal—suggesting the market may rise. This happens when the MACD line crosses above the signal line, often indicating growing momentum and potential buying opportunities. Traders might see this as a cue to go long or hold positions, expecting upward price movement. Conversely, a death cross occurs when the MACD line dips below the signal line, flashing a bearish warning. This could mean the market is poised for a decline, with selling pressure building up. It’s a hint for traders to consider shorting or exiting longs to avoid losses. While these signals aren’t foolproof and should be paired with other analysis, they’re key tools for gauging market sentiment and timing trades effectively.
0 reply
0 recast
0 reaction