My trade of the week was all about using moving averages to catch a trend. I noticed a coin trending upward on the 1-hour chart, with the 20 EMA above the 50 EMA and price bouncing off the 20 EMA like a trampoline. Each bounce gave a potential entry point, and I took one after a bullish engulfing candle formed right at the 20 EMA. My stop was below the previous swing low, and I managed the trade using a trailing stop. The trend lasted for hours, and I booked profits at key resistance levels. This trade reinforced my confidence in using simple tools like EMAs effectively. You don’t need fancy indicators — just learn to read momentum and structure. Moving averages help visualize trends and provide clean setups when combined with price action. It’s now one of my favorite strategies for intraday trading.
