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๐ค Word of the Day = AVERAGE ๐
๐ WODL ๐
The term "average" refers to a central or typical value that represents a set of numbers, often used to understand overall performance or trends. โ๏ธ
๐ In the context of crypto, an average can describe key metrics like moving averages (MA), which smooth out price fluctuations to reveal underlying market direction. ๐๐ Traders often rely on averages to identify potential entry and exit points, gauge momentum, and minimize the impact of short-term volatility. ๐๐ก
Whether itโs a simple moving average (SMA), exponential moving average (EMA), or a combination of both, understanding averages helps investors make more calculated and data-driven decisions. ๐๐
How do you use averages to guide your trading strategies in the crypto market? ๐ค
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