POPcat Bullish divergence

24 בנוב׳

When analyzing potential reversals, I typically look for a few key signals and indicators. First, I check for signs of losing momentum. Next, I observe if the price action is above the Daily Pivot while remaining below the 50 MA, as this suggests the reversal isn’t confirmed yet. Additionally, the overall market sentiment is currently extremely bullish, which further indicates that a reversal may be imminent.