What does it mean when there's a very long downward wick on a candle with a huge volume bar? Did someone dump a lot of coin at a low price? How does that work?
RE: Its hard to keep up with all these awesome trades
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Its hard to keep up with all these awesome trades
Yeah, basically the sell orders or order overwhelmed the bid and for a few seconds it sold way way below value.. but humans fingers only type do fast, so then a flood of buy orders come in and the price is right back up.. it still forms a wick because those orders did get filled at that low price.. impossible to predict it, but when the market is thin on a coin, this can easily happen
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So is the strategy here to just set up an order way below where you see the base to hopefully capitalize on the quick time window that a coin can drop that low?
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