🚧 The "Crossing of Death" and the Reversal 📉

Based on: $NAORIS

This chart is perfect for teaching how to identify when a bearish trend is losing strength.

Notice the colored lines over the candles (Moving Averages). When the fast lines (yellow/pink) are below the slow line (purple), the price suffers.

What we see: The price touched a bottom at 0.0243 and started to bounce back.

Key lesson: It's not enough for the price to go up; we need the moving averages to "turn" upwards. In the chart, the MACD (the green bars below) is starting to grow, indicating that buyers are coming to the rescue.

"Don't try to catch a falling knife. Wait for the MACD to show the first green bar before considering entering."

#Write2Earn #BinanceSquare#TradingTypes101 #MemeWatch2024