When price is above the 200 SMA, it simply means the market is in a bullish trend. But that does NOT mean you should jump in immediately.
Right now, the market is ranging between key levels (4589 – 4889), so it’s in a waiting phase, not a clear entry zone.
👉 What you should do instead: Wait for a breakout above resistance (4889) then look for buys Or wait for a pullback to support (4589) then look for confirmation to buy Avoid entering in the middle of the range (this is where most beginners lose money)
📌 Key lesson:
Trend = direction
Entry = timing
Even in a bullish market, bad timing bad trade
You’re on the right path by asking questions—keep learning 💯📈
You’re asking a very good question 👍
When price is above the 200 SMA, it simply means the market is in a bullish trend. But that does NOT mean you should jump in immediately.
Right now, the market is ranging between key levels (4589 – 4889), so it’s in a waiting phase, not a clear entry zone.
👉 What you should do instead: Wait for a breakout above resistance (4889) then look for buys Or wait for a pullback to support (4589) then look for confirmation to buy Avoid entering in the middle of the range (this is where most beginners lose money)
📌 Key lesson: Trend = direction Entry = timing
Even in a bullish market, bad timing bad trade
You’re on the right path by asking questions—keep learning 💯📈