A note: $IOST 's daily chart is above MA200 (0.0008437).
People often ask how to interpret moving averages. This is how I think about them.
Moving averages themselves can also act as dynamic support and resistance: when the price is above a moving average and pulls back toward it, many people watch to see whether it holds.
Whether trading volume increases when the price moves above or below a moving average is also used as a reference: a move on low volume is often more likely to be just a temporary fluctuation.
Extreme readings often come with more dramatic swings. At times like these, it's better to reduce leverage rather than increase your position.
#IOST
People often ask how to interpret moving averages. This is how I think about them.
Moving averages themselves can also act as dynamic support and resistance: when the price is above a moving average and pulls back toward it, many people watch to see whether it holds.
Whether trading volume increases when the price moves above or below a moving average is also used as a reference: a move on low volume is often more likely to be just a temporary fluctuation.
Extreme readings often come with more dramatic swings. At times like these, it's better to reduce leverage rather than increase your position.
#IOST