$TRUTH Five consecutive bullish daily candles, up a cumulative +63.53% over the period, and +2.66% so far today.
Let’s use these figures to break down what consecutive bullish daily candles mean.
A bullish candle is determined by that day’s own opening and closing prices. Binance trades around the clock, so the daily candle’s opening price is almost the same as the previous day’s closing price. That means a bullish close roughly indicates a rise from the previous day’s close.
Trading volume increased throughout this run of candles, which is often seen as a sign of sustained capital participation. If volume keeps shrinking, it’s often seen as a sign that buying interest is weakening.
Don’t let a single number throw off your rhythm, and never use borrowed money to test a reading.
#TRUTH
Let’s use these figures to break down what consecutive bullish daily candles mean.
A bullish candle is determined by that day’s own opening and closing prices. Binance trades around the clock, so the daily candle’s opening price is almost the same as the previous day’s closing price. That means a bullish close roughly indicates a rise from the previous day’s close.
Trading volume increased throughout this run of candles, which is often seen as a sign of sustained capital participation. If volume keeps shrinking, it’s often seen as a sign that buying interest is weakening.
Don’t let a single number throw off your rhythm, and never use borrowed money to test a reading.
#TRUTH