Master These Candlesticks to Avoid Losses on Binance
Struggling with losses on Binance? You might be ignoring key candlestick patterns. Here are 3 powerful candlesticks every trader should know:
1. Doji
A Doji shows indecision in the market. If you see it, avoid entering a trade blindly—it often signals a possible reversal.
2. Hammer
This appears after a downtrend and signals a potential bullish reversal. A small body with a long lower wick—buyers are stepping in!
3. Engulfing Pattern
When a larger candle fully “engulfs” the previous one, it signals a strong shift in market sentiment. Bullish Engulfing? Buyers dominate. Bearish Engulfing? Sellers take control.
Tip: Don’t rely on patterns alone. Combine them with volume, support, and resistance zones for stronger confirmation.
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