One -6.6% day on $SOL feels like a crash.
Six quiet days after it feel like nothing.
Your account counts both the same.
Oct 29: SOL closed at 95.64, down 6.6% from 102.44 in one day.
Since then no daily move bigger than 2.7%. Still, price slid from 95.64 to about 91.94 at 08:40 (UTC+7). That's another 3.9%, made of small red candles nobody posts about.
Total since the Oct 28 close: -10.2%.
The big candle gets the attention. The slow bleed after it often does more damage, because nobody resets their stop for it.
NFA. Which hurts your trades more: the one big candle, or the slow bleed after it?
Six quiet days after it feel like nothing.
Your account counts both the same.
Oct 29: SOL closed at 95.64, down 6.6% from 102.44 in one day.
Since then no daily move bigger than 2.7%. Still, price slid from 95.64 to about 91.94 at 08:40 (UTC+7). That's another 3.9%, made of small red candles nobody posts about.
Total since the Oct 28 close: -10.2%.
The big candle gets the attention. The slow bleed after it often does more damage, because nobody resets their stop for it.
NFA. Which hurts your trades more: the one big candle, or the slow bleed after it?
