Wick Rejection

A wick rejection is a candle that trades well beyond a level and closes back on the other side of it, leaving a long shadow. The wick is price that was …

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What is Wick Rejection in crypto trading?

A wick rejection is a candle that trades well beyond a level and closes back on the other side of it, leaving a long shadow. The wick is price that was offered and refused: sellers pushed to a low and buyers took it all back before the close. It is the visible footprint of a level being defended.

Crypto Jargon

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