A quick note: $PUMP broke below the daily MA50 (0.004694).
People often ask what moving averages mean, so here's my understanding.
The so-called golden cross and death cross usually refer to the daily MA50 and MA200 crossing: when the MA50 crosses above the MA200, it's called a golden cross; when it crosses below, it's called a death cross. This is a crossover between two moving averages, which is not the same as the price moving above a particular moving average.
An intraday move across a moving average and a daily close holding above or below it are two different things: it's more convincing if the price is still on that side of the moving average after the close.
Don't place an order during the most volatile few minutes. Wait for the candlestick to finish before deciding.
#PUMP
People often ask what moving averages mean, so here's my understanding.
The so-called golden cross and death cross usually refer to the daily MA50 and MA200 crossing: when the MA50 crosses above the MA200, it's called a golden cross; when it crosses below, it's called a death cross. This is a crossover between two moving averages, which is not the same as the price moving above a particular moving average.
An intraday move across a moving average and a daily close holding above or below it are two different things: it's more convincing if the price is still on that side of the moving average after the close.
Don't place an order during the most volatile few minutes. Wait for the candlestick to finish before deciding.
#PUMP