Moving averages are for trend confirmation, not prediction. Bearish divergence signals a confirmed downtrend, so shorting is the main play. When price bounces up to the moving average, it's a high-risk-reward short entry. But always remember: High risk-reward doesn’t mean high win-rate.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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