What do all those red and green candlesticks on the trading page actually mean?
A long upper wick is often interpreted as a sign that the price rose and then encountered selling pressure. A long lower wick is often seen as a sign of buying support at lower levels. But a single candlestick can’t tell you what will happen next.
Binance uses green for rising prices and red for falling prices by default, but you can change the settings to red for rising and green for falling.
Understanding this won’t make me money right away, but it can help me avoid a basic mistake.
Knowing the rules helps you make more informed decisions; it’s not about guessing whether prices will rise or fall.
$BTC 83539.78 (+2.46%)
A long upper wick is often interpreted as a sign that the price rose and then encountered selling pressure. A long lower wick is often seen as a sign of buying support at lower levels. But a single candlestick can’t tell you what will happen next.
Binance uses green for rising prices and red for falling prices by default, but you can change the settings to red for rising and green for falling.
Understanding this won’t make me money right away, but it can help me avoid a basic mistake.
Knowing the rules helps you make more informed decisions; it’s not about guessing whether prices will rise or fall.
$BTC 83539.78 (+2.46%)