Technical note | $SOL 5 consecutive bearish candles
When you see a run of candlesticks moving in the same direction, don’t just count them—pay attention to changes in their real bodies, too. Growing bearish bodies mean the decline is accelerating; smaller bodies and longer lower shadows suggest selling pressure is easing and buyers are starting to step in.
These 5 candles are down a cumulative 10.26%; today’s candle is currently up 0.29% (bullish for now).
If you have time, take a look at the bodies and shadows of these candles—it’s more useful than just counting them.
#SOL
For reference only. Not investment advice.
When you see a run of candlesticks moving in the same direction, don’t just count them—pay attention to changes in their real bodies, too. Growing bearish bodies mean the decline is accelerating; smaller bodies and longer lower shadows suggest selling pressure is easing and buyers are starting to step in.
These 5 candles are down a cumulative 10.26%; today’s candle is currently up 0.29% (bullish for now).
If you have time, take a look at the bodies and shadows of these candles—it’s more useful than just counting them.
#SOL
For reference only. Not investment advice.