🧨 $XRP Daily close breaks below MA200⚠️
Don't rush—understand moving averages first👇
The slope of the moving average itself matters too: a price moving above it while the average is still trending down carries a different significance than when it moves above as the average starts turning upward.
The same moving average can also have different value as a reference for different coins: the more actively traded and widely followed a coin is, the more pronounced the fluctuations around its moving average tend to be.
Sizing your position based on where you place your stop-loss is much more reliable than picking a size by guesswork.
Don't rush—understand moving averages first👇
The slope of the moving average itself matters too: a price moving above it while the average is still trending down carries a different significance than when it moves above as the average starts turning upward.
The same moving average can also have different value as a reference for different coins: the more actively traded and widely followed a coin is, the more pronounced the fluctuations around its moving average tend to be.
Sizing your position based on where you place your stop-loss is much more reliable than picking a size by guesswork.