🕰️ When Does the Monthly Closing Candle Appear?
The monthly candle closes and a new one begins at the end of the last day of the month, based on the exchange’s time zone (usually UTC).
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⏳ Here’s how it works:
• The monthly candle shows the price movement from the 1st day to the last day of the month.
• On most crypto exchanges like Binance, the monthly candle closes at exactly 00:00 UTC on the 1st of the new month.
• The new monthly candle opens immediately at that same moment.
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📌 Example:
• Suppose today is May 31st.
• The monthly candle for May will close at:
🕛 June 1st, 00:00 UTC
• At that moment, the June candle starts forming.