The closing price of a candle is the final agreed price for that period. Where a candle closes relative to its range and to nearby levels is often more informative than its wicks.
How traders use it: Many structure rules are judged on closes ("a daily close below support"). Crypto trades 24/7, so traders choose a reference close, commonly 00:00 UTC for daily candles.
Common mistake: Making a decision on a candle that has not closed yet. Note: analysis can wait for a close, but a protective stop order does not.
Related: Breakout · Candle close time · Stop-loss (stop)
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.