💙 Understanding Japanese Candlesticks in Crypto (Beginners) 💙
🔷 📊 What is a Japanese candlestick?
Candlesticks are the red or green bars on crypto charts.
They represent the price movement of a cryptocurrency over a period (5min, 1h, 1 day...).
🔷 🟩 GREEN Candlesticks = price goes up
🔷 🟥 RED Candlesticks = price goes down
🔷 Small wicks = low volatility
🔷 Large wicks = a lot of movement
🔷 Example of simple interpretation:
🕯️ A green candlestick with a long wick on top:
➡️ Buyers pushed hard,
➡️ But sellers resisted the rise.
🕯️ A red candlestick with a large wick on the bottom:
➡️ Sellers dominated,
➡️ But buyers came back to support the price.
🔷 Why is it important?
✅ It helps to spot:
Price rejections
Reversal zones
Moments of buyer/seller pressure
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