Andrew Kang
The deeper the wick, the bigger the bounce
209 days agoAndrew KangRewkang
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The post suggests that a "deep wick" in a candlestick chart, indicating a sharp price reversal after a significant drop, often precedes a substantial bounce. This implies a potential short-term buying opportunity in crypto assets that have recently experienced a deep price correction and formed such a wick, as a strong rebound is anticipated. However, the original quoted tweet from Zhu Su emphasizes the importance of risk management, cautioning against excessive leverage or unmanaged positions.

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About Andrew Kang
Andrew Kang

Andrew Kang

By Rewkang

Shephard @mechanismcap Not investment advice