🐋 $INIT On the daily chart, price is above MA50 (0.1293), up 61.71% in 24h.
This kind of moving average is a level many swing traders watch, but first, understand what it is.
The slope of the moving average itself matters too: price moving above it while it’s still trending down is different from moving above it as it starts to turn upward.
Calculating position size based on the stop-loss distance is much more reliable than going by gut feeling.
#INIT
This kind of moving average is a level many swing traders watch, but first, understand what it is.
The slope of the moving average itself matters too: price moving above it while it’s still trending down is different from moving above it as it starts to turn upward.
Calculating position size based on the stop-loss distance is much more reliable than going by gut feeling.
#INIT