If the last 1-hour candlestick is bullish, it indicates that during this hour, the closing price of SOL is higher than the opening price, showing an overall upward trend, and the bullish forces are relatively strong in the short term.
- If it is a bearish candlestick, it indicates that the closing price is lower than the opening price, and the bearish forces dominate during this hour, with the price in a downward trend.
Body and Shadow
- The length of the body reflects the main price fluctuation range within this hour. The longer the body, the greater the price fluctuation, indicating a more intense contest between bulls and bears during this period.
- The length of the upper and lower shadows is also crucial. A longer upper shadow indicates that the price peaked during this hour but then faced resistance and fell back, suggesting there is some pressure above; a longer lower shadow means that the price dropped to a certain level but was then pulled back up by bulls, indicating there is some support below.
Combining with Trading Volume
- If the price of the last 1-hour 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 forces are supported by the trading volume.