$JCT The daily candle closed above MA50 (0.003308).
Let's use this as a chance to talk about moving averages.
Long-term moving averages like MA200 get so much attention partly because so many people are watching them. When the price approaches these lines, volatility often becomes more pronounced.
Crossing it intraday and closing above it are two different things: it’s more meaningful if the price is still on the other side of the moving average after the daily close.
Don’t chase a trade at the most volatile moment. Wait for the price action to play out first, then take a look.
Just sharing some thoughts—whether you make or lose money, you have to take responsibility for it yourself.
Let's use this as a chance to talk about moving averages.
Long-term moving averages like MA200 get so much attention partly because so many people are watching them. When the price approaches these lines, volatility often becomes more pronounced.
Crossing it intraday and closing above it are two different things: it’s more meaningful if the price is still on the other side of the moving average after the daily close.
Don’t chase a trade at the most volatile moment. Wait for the price action to play out first, then take a look.
Just sharing some thoughts—whether you make or lose money, you have to take responsibility for it yourself.