๐ Mastering Moving Averages and Crossovers!
๐ฏ Moving averages, particularly simple (SMA) and exponential (EMA), are key indicators used in trading to identify trends and make entry/exit decisions.
โน๏ธ The "
golden cross," where a short-term moving average crosses above a long-term one, signals a potential bullish trend, while the "
death cross," where it crosses below, indicates a possible bearish trend, both being pivotal in momentum-based trading strategies.
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