📌 Data: $QNT ｜7 consecutive down days｜Cumulative: -19.09%
· Definition: The cumulative change over this period is measured from the opening price of the first candle in the streak to the closing price of the latest one. It says more about the strength of the move than the number of days.
· How to read it: Consecutive bullish or bearish candles are often seen as a clear directional signal. However, the longer the streak, the more profit-taking positions and trapped positions may build up, typically increasing the pressure for a rebound.
All data describes past market movements; prices can reverse course at any time.
Beware of risk, and make your own decisions.
· Definition: The cumulative change over this period is measured from the opening price of the first candle in the streak to the closing price of the latest one. It says more about the strength of the move than the number of days.
· How to read it: Consecutive bullish or bearish candles are often seen as a clear directional signal. However, the longer the streak, the more profit-taking positions and trapped positions may build up, typically increasing the pressure for a rebound.
All data describes past market movements; prices can reverse course at any time.
Beware of risk, and make your own decisions.