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candlestick chart definition pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What is a candlestick chart?

Candlestick charts consist of candlesticks that represent price fluctuations of a security. A candlestick has a body, top and bottom wicks, and can be green (or blue) and red depending on whether prices increased or declined. One candlestick represents a time period such as a day, a week or a minute, depending on the trading set-up.

Why do traders use Candlestick charts?

Traders use candlestick charts to determine possible price movement based on past patterns. Candlesticks are useful when trading as they show four price points (open, close, high, and low) throughout the period the trader specifies. Many algorithms are based on the same price information shown in candlestick charts.

What does a candlestick represent?

While similar in appearance to a bar chart, each candlestick represents four important pieces of information for that day: open and close in the thick body, and high and low in the "candle wick".

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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