K-line watch | $SUI 5 consecutive bearish candles
When looking at consecutive candles moving in the same direction, it’s worth watching more than just the count: pay attention to how the candle bodies change, too. Increasingly large bearish bodies signal growing panic; shrinking bodies and longer lower shadows suggest selling pressure is easing and buyers are stepping in below.
These 5 candles are down a cumulative 10.66%; today’s candle is currently down 0.14%.
When you have a moment, take a look at the bodies and shadows of these candles—their details tell you more than simply counting them.
#SUI
When looking at consecutive candles moving in the same direction, it’s worth watching more than just the count: pay attention to how the candle bodies change, too. Increasingly large bearish bodies signal growing panic; shrinking bodies and longer lower shadows suggest selling pressure is easing and buyers are stepping in below.
These 5 candles are down a cumulative 10.66%; today’s candle is currently down 0.14%.
When you have a moment, take a look at the bodies and shadows of these candles—their details tell you more than simply counting them.
#SUI