Does red candle mean buy or sell?

In the realm of cryptocurrency trading, a large red candle on a chart signifies a day marked by robust selling activity. This visual representation often heralds a potential shift in short-term market sentiment, hinting at a bearish outlook.

The prominence of red candles, particularly their size, is a telltale sign during downtrends. Their towering presence underscores the dominance of sellers in the market, driving prices downwards.

Conversely, small red candles can paint a more nuanced picture. Their appearance, especially after a series of large red candles, may suggest a moment of hesitation or a deceleration in the selling pressure.

This pause in the selling frenzy could signify that the market is experiencing a period of indecisiveness, where buyers and sellers are cautiously weighing their options before making a decisive move.

BTCC, a prominent cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the diverse needs of traders. Among its offerings are spot trading, enabling users to buy and sell cryptocurrencies at current market prices, and futures trading, allowing for speculation on future price movements.