$INJ broke below MA50 (7.826) on the daily chart, down 6.01% in 24h.
Let’s talk about what’s behind this number.
On the daily chart, MA200 is the average closing price over the most recent 200 days and is often viewed as a reference line for the long-term trend; MA50 is commonly used to gauge the medium-term direction.
The same moving average can have different value as a reference for different coins: the more liquid a coin is and the more people are watching it, the clearer the reactions around its moving average tend to be.
Rare readings often come with more extreme swings. At times like these, it’s better to reduce your position rather than make a big bet.
#INJ
This is not a trading signal.
Let’s talk about what’s behind this number.
On the daily chart, MA200 is the average closing price over the most recent 200 days and is often viewed as a reference line for the long-term trend; MA50 is commonly used to gauge the medium-term direction.
The same moving average can have different value as a reference for different coins: the more liquid a coin is and the more people are watching it, the clearer the reactions around its moving average tend to be.
Rare readings often come with more extreme swings. At times like these, it’s better to reduce your position rather than make a big bet.
#INJ
This is not a trading signal.