$TRUTH Daily chart: 5 consecutive bullish candles, up a cumulative +63.53% during that period, and up +2.19% so far today.
I used to think that after several consecutive up days, the price would keep rising tomorrow. It took me a while to understand that several consecutive up days don't tell you whether the next candle will be bullish or bearish; the number of days only shows whether buyers or sellers had the upper hand over the past few days.
Indicators can be wrong, but risk management should never be neglected: thinking in advance about what to do if you're wrong matters more than guessing correctly.
#TRUTH
I used to think that after several consecutive up days, the price would keep rising tomorrow. It took me a while to understand that several consecutive up days don't tell you whether the next candle will be bullish or bearish; the number of days only shows whether buyers or sellers had the upper hand over the past few days.
Indicators can be wrong, but risk management should never be neglected: thinking in advance about what to do if you're wrong matters more than guessing correctly.
#TRUTH