$SOL If the last 1-hour candle is a bullish candle, it indicates that the closing price of SOL during this hour is higher than the opening price, reflecting an overall upward trend in price, with relatively strong bullish momentum in the short term.
- If it is a bearish candle, it indicates that the closing price is lower than the opening price, and bearish forces dominated during this hour, leading to a downward trend in price.
Body and Shadows
- The length of the body reflects the main price fluctuation range during this hour. A longer body indicates greater price volatility and more intense competition between bulls and bears during that time period.
- The lengths of the upper and lower shadows are also crucial. A longer upper shadow indicates that the price reached a high during this hour but then faced resistance and fell back, suggesting some pressure above; a longer lower shadow means that the price dropped to a certain level but was subsequently lifted by bulls, indicating some support below.
Combining with Trading Volume
- If the price of the last 1-hour candle rises and trading volume increases, it is usually a more positive signal, indicating that more funds are buying SOL, driving the price up, and that bullish momentum is supported by trading volume.