🐋 $US daily chart is above the MA200 (0.01724).
This is a level many swing traders watch, but first, understand what it is.
Moving averages can also be seen as dynamic support and resistance: when the price pulls back toward the average from above, many people watch to see whether it will hold.
Indicators can be wrong, so don’t skip your stop-loss: thinking ahead about what you’ll do if your judgment is wrong matters more than whether your prediction is accurate.
#US
Stay calm, don’t get carried away.
This is a level many swing traders watch, but first, understand what it is.
Moving averages can also be seen as dynamic support and resistance: when the price pulls back toward the average from above, many people watch to see whether it will hold.
Indicators can be wrong, so don’t skip your stop-loss: thinking ahead about what you’ll do if your judgment is wrong matters more than whether your prediction is accurate.
#US
Stay calm, don’t get carried away.