Why This Candle Went So High (My Analysis)
1. Breakout Above Resistance
The price broke through a key resistance level, which triggered a chain reaction of buy orders.
2. Short Squeeze
Traders who were in short positions had their stop-loss orders triggered, forcing them to buy back at higher prices, adding more upward pressure.
3. High Volume Surge
The “VOL” bar under your chart is very tall — meaning there was a sudden flood of buying in that minute.
4. Possible News or Whale Activity
Large traders (whales) or sudden positive news may have caused a fast upward spike.
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If you had entered right at the breakout point, you could have caught this rapid price move and taken quick profit before it cooled down.
