Market Notes｜$JCT ｜Daily close above MA50｜MA50 0.001784
Definition: Long-term moving averages such as the MA200 attract widespread attention partly because so many people watch them. As a result, price reactions are often more pronounced when the price approaches these levels.
How to read it: Moving averages are better suited to gauging the overall direction than to pinpointing exact entry and exit points, since they always lag behind price.
Leave enough room in leveraged positions; don't let a single wick force you out of a trade.
Personal observations, not trading advice.
Definition: Long-term moving averages such as the MA200 attract widespread attention partly because so many people watch them. As a result, price reactions are often more pronounced when the price approaches these levels.
How to read it: Moving averages are better suited to gauging the overall direction than to pinpointing exact entry and exit points, since they always lag behind price.
Leave enough room in leveraged positions; don't let a single wick force you out of a trade.
Personal observations, not trading advice.