🐋 $JCT The daily chart broke below MA200 (0.003518).
Many swing traders refer to the moving average on the daily timeframe, but first understand what it is.
To confirm a move above or below, many people use the daily closing price. It’s common for price to cross it intraday and then return to its original side.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if you’re wrong matters more than whether your prediction is right.
#JCT
Many swing traders refer to the moving average on the daily timeframe, but first understand what it is.
To confirm a move above or below, many people use the daily closing price. It’s common for price to cross it intraday and then return to its original side.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if you’re wrong matters more than whether your prediction is right.
#JCT