Cryptocurrency Q&A
How do you trade day candles?
How do you trade day candles?
Caterina
Mon Dec 16 2024
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5
answers
833
I'm interested in learning about day trading using candles. Could you explain how to trade based on day candles, including any strategies or techniques I should be aware of?
5 answers
Sara
Wed Dec 18 2024
The length of the candlestick body reflects the intensity of the price movement during the trading period.
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BitcoinBaron
Wed Dec 18 2024
The wicks or shadows above and below the body show the highest and lowest prices reached during the trading session.
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Silvia
Wed Dec 18 2024
A red candlestick indicates a bearish trend as it signals the closing price was lower than the opening price.
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EthereumElite
Wed Dec 18 2024
Short upper wicks on red candles suggest that the market opened near the daily high but closed lower, emphasizing the bearish sentiment.
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MountFujiView
Wed Dec 18 2024
Conversely, a green candlestick represents a bullish trend where the closing price is higher than the opening price.
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