๐ Day 55 of 100 โ MACD: Catch the Market Momentum ๐ฆ๐
Want to know when a trend is gaining or losing power?
MACD is a momentum indicator that helps you spot trend reversals and strong entries or exits.
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๐ What is MACD?
MACD stands for Moving Average Convergence Divergence. It uses two moving averages to show shifts in momentum.
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๐ MACD Components:
MACD Line (fast-moving average)
Signal Line (slow-moving average)
Histogram (shows strength of the trend)
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๐ What MACD Tells You:
MACD Line crosses above Signal Line = Bullish
MACD Line crosses below Signal Line = Bearish
Wider Histogram = Strong momentum
Flat Histogram = Weak or sideways market
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โ๏ธ How to Use MACD on Binance:
1. Open TradingView chart
2. Click Indicators
3. Search for โMACDโ and apply
4. Analyze crossovers & histogram bars
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๐ก Pro Tips:
Use MACD with RSI to confirm signals
Watch for divergence (MACD vs price) to predict reversals
Best used on 1H, 4H, or 1D charts
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๐ Action Step:
Open your favorite chart like $ADA /USDT and then Add MACD on your chart and wait for a crossover. If MACD goes above Signal Line with growing histogram โ it's a bullish sign!
