$Lobster daily chart breaks below MA200 (0.03272).
Guys, what are moving averages? Here's the short version 👇
Moving averages are calculated from prices that have already happened, so they’re inherently lagging: the longer the period, the smoother the line and the slower it turns.
Price staying above a long-term moving average is often interpreted as one sign that the trend is strengthening, while a break below is often seen as a sign of weakening; but a single crossover doesn’t tell us much.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then look at what the indicators are saying.
Guys, what are moving averages? Here's the short version 👇
Moving averages are calculated from prices that have already happened, so they’re inherently lagging: the longer the period, the smoother the line and the slower it turns.
Price staying above a long-term moving average is often interpreted as one sign that the trend is strengthening, while a break below is often seen as a sign of weakening; but a single crossover doesn’t tell us much.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then look at what the indicators are saying.