$PEPE The daily candle broke below MA50 (0.0₅3934).
Let’s use this number to talk about moving averages.
Long-term moving averages like MA200 get so much attention partly because so many people watch them. When the price approaches one, the reaction is often more pronounced.
An intraday move across the average and confirmation at the daily close are two different things: it’s more meaningful if, after the daily close, the price is still on that side of the moving average.
Knowing how to read indicators isn’t hard. The hard part is sticking to the rules when the market is at its most volatile.
Let’s use this number to talk about moving averages.
Long-term moving averages like MA200 get so much attention partly because so many people watch them. When the price approaches one, the reaction is often more pronounced.
An intraday move across the average and confirmation at the daily close are two different things: it’s more meaningful if, after the daily close, the price is still on that side of the moving average.
Knowing how to read indicators isn’t hard. The hard part is sticking to the rules when the market is at its most volatile.