To get straight to the point, compared with one big bullish candle, I actually pay more attention to a string of consecutive bullish candles like $ARIA .
A sharp one-day rally might just be a burst of sentiment, but five bullish candles in a row means people have been willing to buy at higher prices every day. That said, it’s already up 52.58% so far, so I wouldn’t add to my position now. I’d wait for a decent pullback.
Today’s candle is currently down 3.84%; maybe the cooldown is starting. Do you focus more on technicals or news?
A sharp one-day rally might just be a burst of sentiment, but five bullish candles in a row means people have been willing to buy at higher prices every day. That said, it’s already up 52.58% so far, so I wouldn’t add to my position now. I’d wait for a decent pullback.
Today’s candle is currently down 3.84%; maybe the cooldown is starting. Do you focus more on technicals or news?
