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Market Momentum Pivot

Definition

A market momentum pivot signifies a specific price level or period where the prevailing directional strength of a digital asset’s price action undergoes a significant change. This point indicates a shift from an upward trend to a downward trend, or vice versa, often accompanied by changes in trading volume and other technical indicators. Identifying a momentum pivot is crucial for traders seeking to anticipate significant price reversals. It marks a critical turning point in market dynamics.