Indicator Notes｜$XRP ｜9 consecutive down days｜Cumulative -22.59%
Definition: Binance daily candles open at 00:00 UTC and close at 00:00 the following day, which is 8:00 a.m. Beijing time. So a daily candle for a given day starts at 8:00 a.m. that morning.
Common interpretation: If trading volume keeps rising throughout a run of candles, it is often seen as a sign of sustained participation; if volume gradually shrinks, it is often seen as a sign that follow-through buying is weakening.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if your judgment is wrong matters more than guessing right.
Definition: Binance daily candles open at 00:00 UTC and close at 00:00 the following day, which is 8:00 a.m. Beijing time. So a daily candle for a given day starts at 8:00 a.m. that morning.
Common interpretation: If trading volume keeps rising throughout a run of candles, it is often seen as a sign of sustained participation; if volume gradually shrinks, it is often seen as a sign that follow-through buying is weakening.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if your judgment is wrong matters more than guessing right.