Beginner’s Guide to Binance Candles
Candlestick charts are the language of price action.
Each candle tells the story of price movement over a specific time.
How to Read a Candle:
A candlestick has 3 important parts:
Body: The thick part between the opening and closing prices.
Wicks (Shadows): The thin lines above and below the body showing the highest and lowest prices.
Color:
Green Candle = Price went UP (bullish)
Red Candle = Price went DOWN (bearish)
Green Candle (Price Up)
Open at bottom of the body
Close at top of the body
Buyers are stronger!
Example: | Timeframe | Open | High | Low | Close | |:---|:---|:---|:---|:---| | 1 Hour | $100 | $115 | $95 | $110 |
Visual:
| ← High ($115)
|
██████ ← Body (Open $100 → Close $110)
|
| ← Low ($95)
Red Candle (Price Down)
Open at top of the body
Close at bottom of the body
Sellers are stronger!
Example: | Timeframe | Open | High | Low | Close | |:---|:---|:---|:---|:---| | 15 Min | $200 | $205 | $185 | $190 |
Visual:
| ← High ($205)
|
██████ ← Body (Open $200 → Close $190)
|
| ← Low ($185)
Quick Tips:
Big Body = Strong momentum (buying or selling power)
Long Wick = Price rejection (could reverse soon)
Small Body = Indecision (market unsure)
Why Candles Matter:
Learning candlesticks helps you predict moves, find entries, and know when to exit the market!
Next Step:
Learn candlestick patterns like:
Hammer
Doji
Engulfing
Shooting Star
Morning Star
(These patterns show potential reversals or strong moves.)
Master Candlesticks = Master the Market!
Stay tuned for Part 2: Candlestick Patterns!