#BinanceAlphaAlert

#candles

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Candlesticks on Binance: Explained

Candlestick charts show price movement over a specific time. Each "candle" represents the price action during a selected time frame (1m, 15m, 1h, 4h, 1D, etc.).

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1. Candle Components

Each candlestick has 4 main points:

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2. Candle Body & Wicks (Shadows)

Body: Thick part between Open & Close.

Wicks (Shadows): Thin lines above/below showing High & Low.

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3. Candle Colors (By Default on Binance)

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4. Timeframes

You can switch timeframes like:

1m = 1-minute candles

15m, 1H, 4H, 1D, etc.

Shorter timeframes = more noise, better for scalping.

Higher timeframes = stronger signals, good for swing trades.

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5. How to Read Candles for Trends

Green candles stacking = uptrend

Red candles stacking = downtrend

Long wicks = rejection (price tried to go higher/lower but failed)

Small body, long wick = indecision (watch for breakout or reversal)

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6. Popular Candle Patterns

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7. Tip: Combine with Indicators

Candles alone aren't perfect. Combine with:

RSI

MACD

Volume

Support/Resistance Levels

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