$US Daily price is above MA200 (0.01724).
Let’s unpack what this number means.
Moving averages come in several forms, including simple and exponential. MA usually refers to the simple moving average, where each candlestick has equal weight; EMA gives more weight to recent prices.
When price moves too far from a long-term moving average, it’s often seen as likely to move back toward it. But when the trend is very strong, price can stay far from the average for quite a while.
Sizing your position based on the stop-loss distance is much more reliable than just guessing.
#US
NFA, DYOR.
Let’s unpack what this number means.
Moving averages come in several forms, including simple and exponential. MA usually refers to the simple moving average, where each candlestick has equal weight; EMA gives more weight to recent prices.
When price moves too far from a long-term moving average, it’s often seen as likely to move back toward it. But when the trend is very strong, price can stay far from the average for quite a while.
Sizing your position based on the stop-loss distance is much more reliable than just guessing.
#US
NFA, DYOR.