$LINK Five consecutive down days on the daily chart, with a cumulative decline of 8.78% during that period; down 0.61% so far today.
Folks, how should we read a streak of down days? Here’s the short version👇
The number of consecutive down days alone isn’t a reason to trade. Many people pay more attention to whether trading volume is expanding or contracting over this run of candlesticks.
Some people like to look at key levels: when prices repeatedly approach previous highs or lows and round-number levels, whether they can break through is often the next thing to watch.
Don’t change your original plan based on a single number, and don’t gamble on a prediction with borrowed money.
#LINK
Folks, how should we read a streak of down days? Here’s the short version👇
The number of consecutive down days alone isn’t a reason to trade. Many people pay more attention to whether trading volume is expanding or contracting over this run of candlesticks.
Some people like to look at key levels: when prices repeatedly approach previous highs or lows and round-number levels, whether they can break through is often the next thing to watch.
Don’t change your original plan based on a single number, and don’t gamble on a prediction with borrowed money.
#LINK