$AIOT Seven consecutive bullish daily candles, up a cumulative +87.34% over the period; today, so far, it's down -12.31%.
Let's use this data to talk about consecutive up and down candles.
A series of K-lines moving in the same direction indicates that buyers or sellers have consistently had the upper hand during that period, showing a relatively consistent direction on the chart.
Some people compare daily and weekly charts: when the weekly direction is consistent, consecutive up or down candles on the daily chart are more likely to persist for a while; when the trends point in opposite directions, it's best to be more cautious.
An unusually extreme reading usually means greater volatility. At times like these, it's better to reduce leverage rather than increase your position.
#AIOT
Let's use this data to talk about consecutive up and down candles.
A series of K-lines moving in the same direction indicates that buyers or sellers have consistently had the upper hand during that period, showing a relatively consistent direction on the chart.
Some people compare daily and weekly charts: when the weekly direction is consistent, consecutive up or down candles on the daily chart are more likely to persist for a while; when the trends point in opposite directions, it's best to be more cautious.
An unusually extreme reading usually means greater volatility. At times like these, it's better to reduce leverage rather than increase your position.
#AIOT