$PUMP daily candle broke below MA50 (0.004694).
Folks, what are moving averages? Here’s a quick explanation.
The direction of the moving average itself is worth watching too: a price moving above it while it’s still trending down is different from one crossing above it after it has flattened out.
The same moving average can play different roles for different coins: the better the liquidity and the more people watching a coin, the clearer the price action around its moving averages tends to be.
Don’t chase a trade at the fastest moment of a move. Wait for the price to settle before taking a closer look.
#PUMP
Just sharing some thoughts—don’t take this as advice.
Folks, what are moving averages? Here’s a quick explanation.
The direction of the moving average itself is worth watching too: a price moving above it while it’s still trending down is different from one crossing above it after it has flattened out.
The same moving average can play different roles for different coins: the better the liquidity and the more people watching a coin, the clearer the price action around its moving averages tends to be.
Don’t chase a trade at the fastest moment of a move. Wait for the price to settle before taking a closer look.
#PUMP
Just sharing some thoughts—don’t take this as advice.