$CYBER The daily chart has moved above MA200 (0.3661).
This is a level many swing traders watch, so let’s first understand what it is.
Long-term moving averages like MA200 are widely watched, partly because so many people watch this line. When the price approaches it, volatility often becomes more pronounced.
The same moving average can play different roles for different coins: the more liquid and widely followed a coin is, the more noticeable the reaction around its moving average tends to be.
Keep enough margin for your futures positions; don’t let one sudden move wipe them out.
#CYBER
Just one person’s opinion—take it with a grain of salt. This is not advice.
This is a level many swing traders watch, so let’s first understand what it is.
Long-term moving averages like MA200 are widely watched, partly because so many people watch this line. When the price approaches it, volatility often becomes more pronounced.
The same moving average can play different roles for different coins: the more liquid and widely followed a coin is, the more noticeable the reaction around its moving average tends to be.
Keep enough margin for your futures positions; don’t let one sudden move wipe them out.
#CYBER
Just one person’s opinion—take it with a grain of salt. This is not advice.
