$AKE ｜Daily chart above MA200｜MA200 0.01022
Before looking at your position, first understand moving averages.
A moving average is the average closing price of the past N candlesticks. Each time a new candlestick forms, the calculation moves forward by one candle; connecting the values creates a moving-average line.
Many people wait for confirmation when the price moves above the line and retests it without breaking below, or when it breaks below and then rebounds but fails to reclaim it.
Learning to read indicators is easy. The hard part is still following the rules when emotions are at their most extreme.
#AKE
Before looking at your position, first understand moving averages.
A moving average is the average closing price of the past N candlesticks. Each time a new candlestick forms, the calculation moves forward by one candle; connecting the values creates a moving-average line.
Many people wait for confirmation when the price moves above the line and retests it without breaking below, or when it breaks below and then rebounds but fails to reclaim it.
Learning to read indicators is easy. The hard part is still following the rules when emotions are at their most extreme.
#AKE