$OP The daily candle is above MA200 (0.1123), up +7.08% over 24h.
Let’s use this data to break down the moving averages.
The slope of the moving average matters too: a price moving above it while it’s still trending down is different from doing so when it has flattened out.
A moving average is just an averaged line; it has no magic in itself. It’s often considered important because so many people are watching it.
Sizing your position based on where you place your stop-loss is much more reliable than placing trades by feel.
#OP
Let’s use this data to break down the moving averages.
The slope of the moving average matters too: a price moving above it while it’s still trending down is different from doing so when it has flattened out.
A moving average is just an averaged line; it has no magic in itself. It’s often considered important because so many people are watching it.
Sizing your position based on where you place your stop-loss is much more reliable than placing trades by feel.
#OP