$SOL Price Trend
- If the last hourly candlestick is bullish, it indicates that the closing price of SOL in this hour is higher than the opening price, showing an overall upward trend in price, with relatively strong bullish momentum in the short term.
- If it is bearish, it indicates that the closing price is lower than the opening price, and the bearish forces have the upper hand in this hour, leading to a downward price trend.
Body and Shadows
- The length of the body reflects the main range of price fluctuations within this hour. The longer the body, the greater the price movement, indicating a more intense struggle between bulls and bears during this time period.
- The length of the upper and lower shadows is also crucial. A longer upper shadow indicates that the price reached a high during this hour but then encountered resistance and fell back, suggesting some pressure above; a longer lower shadow means that the price dropped to a certain extent but was then pulled back up by bulls, indicating some support below.
Combining with Trading Volume
- If the price of the last hourly candlestick rises and the trading volume increases, it is usually a more positive signal, indicating that more funds are buying SOL, pushing the price up, and the bullish momentum is supported by trading volume.
- If the price drops and the trading volume increases, it may indicate strong bearish forces, with a large number of sell orders flooding the market leading to a price drop. Conversely, if the price rises but the trading volume decreases, it may indicate insufficient upward momentum, and the price may face a pullback; if the price drops but the trading volume decreases, it may suggest that the bearish forces are also gradually weakening, leading to decreased market activity.
Finally, I successfully completed the task and received the reward, $BTC