$BNB ｜5 consecutive bearish daily candles｜Cumulative -15.87%
Before looking at fund flows, first understand consecutive bullish and bearish candles.
Having several consecutive candles in the same direction doesn’t mean the next one will be bullish or bearish. Thinking that after such a long streak it must be time for a reversal is a common misconception.
A candle closing in the opposite color after a bullish or bearish streak doesn’t mean the trend is over; in many cases, it’s just a pullback.
Don’t chase a trade during the fastest move. Wait for the price action to play out before deciding.
Before looking at fund flows, first understand consecutive bullish and bearish candles.
Having several consecutive candles in the same direction doesn’t mean the next one will be bullish or bearish. Thinking that after such a long streak it must be time for a reversal is a common misconception.
A candle closing in the opposite color after a bullish or bearish streak doesn’t mean the trend is over; in many cases, it’s just a pullback.
Don’t chase a trade during the fastest move. Wait for the price action to play out before deciding.
