๐ $Q has risen for 5 consecutive days, gaining a total of +309.43% during that period. So far today, it's up +5.27%.
When the price keeps moving in the same direction for several days, it means buyers or sellers have maintained the upper hand. But the longer the streak, the more important it is to watch whether the momentum can continue.
A run of K-lines moving in the same direction means one side has consistently been in control during that period, indicating a relatively clear trend.
Consecutive bullish or bearish candles are often seen as a sign of a consistent trend. However, the longer the streak, the more unrealized profits and trapped positions build up, often increasing the risk of a pullback.
It's much safer to size a trade by working backward from where you'll place your stop-loss than by going with your gut.
When the price keeps moving in the same direction for several days, it means buyers or sellers have maintained the upper hand. But the longer the streak, the more important it is to watch whether the momentum can continue.
A run of K-lines moving in the same direction means one side has consistently been in control during that period, indicating a relatively clear trend.
Consecutive bullish or bearish candles are often seen as a sign of a consistent trend. However, the longer the streak, the more unrealized profits and trapped positions build up, often increasing the risk of a pullback.
It's much safer to size a trade by working backward from where you'll place your stop-loss than by going with your gut.