$ICNT ｜Daily chart above MA200｜MA200 0.1902
Before looking at your position, first understand the moving average.
A moving average is the average closing price of the most recent N candlesticks. With each new candlestick, the window moves forward by one, and connecting the averages forms the moving average line.
An intraday move across the line and confirmation at the daily close are two different things: it carries more weight only if the price remains on that side of the moving average after the daily candle closes.
Don’t change your original plan based on a single number, and don’t use borrowed money to test a reading.
Before looking at your position, first understand the moving average.
A moving average is the average closing price of the most recent N candlesticks. With each new candlestick, the window moves forward by one, and connecting the averages forms the moving average line.
An intraday move across the line and confirmation at the daily close are two different things: it carries more weight only if the price remains on that side of the moving average after the daily candle closes.
Don’t change your original plan based on a single number, and don’t use borrowed money to test a reading.