$SOL : 5 consecutive bearish daily candles, down a cumulative 10.26% during that period. So far today, it's up 0.29%.
Since we're looking at these numbers, let's talk about consecutive bullish and bearish candles.
Binance's daily candlesticks open at 00:00 UTC and close at 00:00 the following day, which corresponds to 8 a.m. Beijing time. So today's daily candle starts at 8 a.m. today.
Rushing to catch a falling knife after consecutive declines, or chasing the highs after consecutive gains, are both common impulsive mistakes. It's better to think through what you'll do if you're wrong before making a move.
All indicators describe price movements that have already happened; the market could turn in the opposite direction at any time.
Your view could be wrong at any time. Please manage your own profits and losses.
Since we're looking at these numbers, let's talk about consecutive bullish and bearish candles.
Binance's daily candlesticks open at 00:00 UTC and close at 00:00 the following day, which corresponds to 8 a.m. Beijing time. So today's daily candle starts at 8 a.m. today.
Rushing to catch a falling knife after consecutive declines, or chasing the highs after consecutive gains, are both common impulsive mistakes. It's better to think through what you'll do if you're wrong before making a move.
All indicators describe price movements that have already happened; the market could turn in the opposite direction at any time.
Your view could be wrong at any time. Please manage your own profits and losses.