Familiar with the term 'Moving Averages' in crypto? 🧐 Let's discuss what moving averages are, and how to use them in trading.
), and took profits as the price rallied into the moving average. Again, the confluence with a horizontal level adds confidence to the trade.All in all, a moving average is a great indicator to create a better understanding of trends. It can help you optimize your trades. As a final note, it is unwise to blindly jump in when the price reaches a moving average. Your best bet is to look at how it behaves once it gets there, and then decide whether to take the trade.
Writer’s Disclaimer: This article is based on my limited knowledge and experience. It has been written for educational purposes. It should not be construed as advice in any shape or form. This article contains links to third-party websites or other content for information purposes only . The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site.
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