Guys, there’s a new development: $CYBER ’s daily chart has moved above the MA200 (0.3661).
Moving averages are famously a step behind—about as much as I am when it comes to making decisions.
On a more serious note, long-term moving averages like the MA200 get a lot of attention, partly because so many people are watching them. When the price gets close to that line, reactions can often be more pronounced.
Don’t chase the market at its fastest moment. Wait for the price to settle before taking a closer look.
Moving averages are famously a step behind—about as much as I am when it comes to making decisions.
On a more serious note, long-term moving averages like the MA200 get a lot of attention, partly because so many people are watching them. When the price gets close to that line, reactions can often be more pronounced.
Don’t chase the market at its fastest moment. Wait for the price to settle before taking a closer look.