Here comes the next day of training to an end. Today I analyzed why sometimes when analyzing the candlestick chart we are occasionally "lied to".
How to understand where the trap is? If we see a small candle (the price hasn’t increased much), but at the same time there is a HUGE volume column below - this is a signal of danger. This means that there is a meat grinder going on in the market. The crowd in euphoria is buying coins, while a large player quietly sells them their reserves (unloading), not allowing the price to go higher. This is a harbinger of an imminent trend reversal downwards. In such moments, it’s better to sit on the fence.
Although, if we are fools, does it really matter? We just dive in intuitively with everything we've got! 🤡 For example, I didn't even know that there was such an indicator as "volume" before.
Learning to read whale tracks further.
For training, I always take the graph $SOL
