What is the meaning of an inside day in the context of cryptocurrency trading?

1 answers

• May 02, 2022 · 3 years ago
  An inside day in cryptocurrency trading refers to a day when the price range of a particular cryptocurrency is completely within the range of the previous day. It indicates a lack of volatility and a period of consolidation in the market. Traders often interpret an inside day as a sign of indecision and wait for a breakout from the inside day range before making trading decisions. A breakout above the high of the inside day can be seen as a bullish signal, while a breakout below the low of the inside day can be seen as a bearish signal. However, it's important to consider other technical indicators and market trends before making trading decisions solely based on an inside day.
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