MultiversX Tracker is Live!

How does this candle work? (Beginner question)

All Cryptocurrencies

by COINS NEWS 102 Views

How does this candle work? (Beginner question)

I know this may be a stupid question for y'all but I need to understand this.

So I've been looking at this SOL memecoin and I notice everytime there's a big buy (5+ SOL) it makes a candle go up alot. But I have a question, does this mean the person paid the current market price for that buy (0.0(3)4000) or gradually paid more for it, since it made the candle go up (0.0(3)5300)?

And why would this raise the price of a coin? Lack of people selling for that price?

https://preview.redd.it/1u9lxu0nbc7d1.png?315&format=png&auto=webp&s=6fe8e4f2629130b4752baedc49912aebe9c610fc

This is on 1 second timeframe.

submitted by /u/KindSoul-
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments