Technical Notes｜$ZEREBRO ｜Daily price moves above MA200｜MA200 0.03025
Definition: To determine whether price has moved above or broken below a level, many people use the daily closing price as the deciding factor. It’s common for price to cross a level intraday and then return to its original side.
As for how to read it: Many people wait for price to move above a level and then retest it without falling back below before confirming the move. After a breakdown, they wait for a rebound that fails to reclaim the level before considering the breakdown confirmed.
Any data only describes market movements that have already happened; price could just as easily move in the opposite direction.
#ZEREBRO
Definition: To determine whether price has moved above or broken below a level, many people use the daily closing price as the deciding factor. It’s common for price to cross a level intraday and then return to its original side.
As for how to read it: Many people wait for price to move above a level and then retest it without falling back below before confirming the move. After a breakdown, they wait for a rebound that fails to reclaim the level before considering the breakdown confirmed.
Any data only describes market movements that have already happened; price could just as easily move in the opposite direction.
#ZEREBRO