HangingMan
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Hanging Man Candlestick – Bearish Reversal Pattern
🔹 Definition: A bearish reversal pattern that appears after an uptrend, signaling a potential trend reversal.
🔹 Structure:
✔️ Small body at the top.
✔️ Long lower wick (at least twice the body size).
✔️ Minimal or no upper wick.
✔️ Closes near or below the open price.
🔹 Formation:
1️⃣ Uptrend is in progress.
2️⃣ Price opens and drops significantly (selling pressure).
3️⃣ Buyers push price back up near the open.
4️⃣ Long lower wick shows sellers tried to drive price down.
🔹 Why It’s Important:
✔️ Bearish reversal signal – buyers losing strength.
✔️ Selling pressure is visible through the long wick.
✔️ Needs confirmation – next candle should break the low.
🔹 Trading Strategy:
✔️ Wait for a bearish confirmation candle.
✔️ Check resistance levels for a stronger signal.
✔️ Stop loss above the Hanging Man’s high.
✔️ Take profit at a support level below.
🔹 Success Rate:
📊 59% accuracy in predicting bearish reversals (Vanderbilt University study).
📌 Have you used this pattern in trading? Share your thoughts! 👇
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#TechnicalAnalysis #CandlestickPatterns #HangingMan #TradingSignals #PriceActionAnalysis
$ACT
$DOGE
$WIF
🔹 Structure:
✔️ Small body at the top.
✔️ Long lower wick (at least twice the body size).
✔️ Minimal or no upper wick.
✔️ Closes near or below the open price.
🔹 Formation:
1️⃣ Uptrend is in progress.
2️⃣ Price opens and drops significantly (selling pressure).
3️⃣ Buyers push price back up near the open.
4️⃣ Long lower wick shows sellers tried to drive price down.
🔹 Why It’s Important:
✔️ Bearish reversal signal – buyers losing strength.
✔️ Selling pressure is visible through the long wick.
✔️ Needs confirmation – next candle should break the low.
🔹 Trading Strategy:
✔️ Wait for a bearish confirmation candle.
✔️ Check resistance levels for a stronger signal.
✔️ Stop loss above the Hanging Man’s high.
✔️ Take profit at a support level below.
🔹 Success Rate:
📊 59% accuracy in predicting bearish reversals (Vanderbilt University study).
📌 Have you used this pattern in trading? Share your thoughts! 👇
---
#TechnicalAnalysis #CandlestickPatterns #HangingMan #TradingSignals #PriceActionAnalysis
$ACT
$DOGE
$WIF
🔍 SUI Market Analysis – Hanging Man at Resistance! ⚠️
🔹 SUI/USDT Price: $2.4700
📊 Resistance Level: $2.4778
🛡 Support Level: $2.3967
⚠️ Market Signal: Hanging Man at Resistance – Possible Reversal?
SUI is currently trading near its resistance level at $2.4778, forming a Hanging Man candlestick, which is typically a bearish reversal signal at the top of an uptrend. If selling pressure increases, SUI may pull back toward its support level at $2.3967.
🔍 Technical Outlook:
✅ If SUI breaks above $2.4778, it could extend the uptrend.
✅ The Hanging Man suggests that bulls are losing strength, and a drop toward $2.3967 is possible.
✅ Traders should watch for confirmation—if the next candle is bearish, a pullback is likely.
📌 Trading Strategy:
🔸 Bearish Scenario: A rejection from $2.4778 may push SUI toward $2.3967 support.
🔸 Bullish Potential: If SUI breaks above $2.4778, momentum could continue upward.
🔸 Watchlist: Monitor volume and price action to confirm the next move.
📢 SUI is at a decision point—breakout or reversal? Stay alert!
$SUI
#SUI #CryptoMarket #TechnicalAnalysis #supportandresistance #HangingMan
🔹 SUI/USDT Price: $2.4700
📊 Resistance Level: $2.4778
🛡 Support Level: $2.3967
⚠️ Market Signal: Hanging Man at Resistance – Possible Reversal?
SUI is currently trading near its resistance level at $2.4778, forming a Hanging Man candlestick, which is typically a bearish reversal signal at the top of an uptrend. If selling pressure increases, SUI may pull back toward its support level at $2.3967.
🔍 Technical Outlook:
✅ If SUI breaks above $2.4778, it could extend the uptrend.
✅ The Hanging Man suggests that bulls are losing strength, and a drop toward $2.3967 is possible.
✅ Traders should watch for confirmation—if the next candle is bearish, a pullback is likely.
📌 Trading Strategy:
🔸 Bearish Scenario: A rejection from $2.4778 may push SUI toward $2.3967 support.
🔸 Bullish Potential: If SUI breaks above $2.4778, momentum could continue upward.
🔸 Watchlist: Monitor volume and price action to confirm the next move.
📢 SUI is at a decision point—breakout or reversal? Stay alert!
$SUI
#SUI #CryptoMarket #TechnicalAnalysis #supportandresistance #HangingMan
#candlestick_patterns #HangingMan
The Hanging Man is the bearish counterpart of the Hammer. It typically forms at the end of an uptrend, featuring a small body and a long lower wick. The lower wick indicates that a significant sell-off occurred, but the bulls regained control and pushed the price back up. Given this, a sell-off in a market that has been in a long uptrend can serve as a warning that the bulls are losing momentum.
The Hanging Man is the bearish counterpart of the Hammer. It typically forms at the end of an uptrend, featuring a small body and a long lower wick. The lower wick indicates that a significant sell-off occurred, but the bulls regained control and pushed the price back up. Given this, a sell-off in a market that has been in a long uptrend can serve as a warning that the bulls are losing momentum.
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