$ON Daily candle broke below MA50 (0.1371).
Guys, how should we read moving averages? Here's the gist in a few lines 👇
A moving average is the average closing price of the most recent N candlesticks. After each new candlestick closes, the window moves forward by one, and connecting the averages forms a moving average line.
Moving averages are better for identifying the direction of a trend than for pinpointing exact entry and exit points, because they always lag behind the price.
Don't place orders during the most volatile few minutes. Wait for the price to stabilize before deciding.
#ON
Guys, how should we read moving averages? Here's the gist in a few lines 👇
A moving average is the average closing price of the most recent N candlesticks. After each new candlestick closes, the window moves forward by one, and connecting the averages forms a moving average line.
Moving averages are better for identifying the direction of a trend than for pinpointing exact entry and exit points, because they always lag behind the price.
Don't place orders during the most volatile few minutes. Wait for the price to stabilize before deciding.
#ON