Indicator Notes｜$COMP ｜Daily chart closes above MA50｜MA50 22.2292
Definition: Moving averages are often treated as dynamic support or resistance. When the price is above a moving average and pulls back toward it, many traders watch to see whether it holds.
Common interpretation: The same moving average can have different value as a reference point for different coins. The more liquid and widely followed a coin is, the more pronounced price fluctuations around its moving average tend to be.
Calculating your position size based on where you place your stop-loss is much more reliable than placing trades by intuition.
#COMP
Definition: Moving averages are often treated as dynamic support or resistance. When the price is above a moving average and pulls back toward it, many traders watch to see whether it holds.
Common interpretation: The same moving average can have different value as a reference point for different coins. The more liquid and widely followed a coin is, the more pronounced price fluctuations around its moving average tend to be.
Calculating your position size based on where you place your stop-loss is much more reliable than placing trades by intuition.
#COMP