🐋 $ON The daily price has fallen below MA200 (0.156), down 56.29% in 24h.
The daily moving average is a line that many medium- and long-term traders watch, but first, let's clarify what it is.
There are several types of moving averages, including arithmetic and exponential: MA generally refers to the arithmetic average, where each candlestick has equal weight; EMA gives more weight to recent prices.
Indicators can fail, so risk management should never be neglected: think about what you'll do if you're wrong before worrying about whether your prediction is right.
#ON
The daily moving average is a line that many medium- and long-term traders watch, but first, let's clarify what it is.
There are several types of moving averages, including arithmetic and exponential: MA generally refers to the arithmetic average, where each candlestick has equal weight; EMA gives more weight to recent prices.
Indicators can fail, so risk management should never be neglected: think about what you'll do if you're wrong before worrying about whether your prediction is right.
#ON