📊 Bullish vs. Bearish Candlesticks — Know the Difference!
#Binance #Write2Earn #Candlestick_Patterns
📈 Bullish Candle
✔️ Opens lower, closes higher
✔️ Signals buyers are in control
✔️ Typically green or white
🔹 Market sentiment: Positive (prices rising)
📉 Bearish Candle!
✔️ Opens higher, closes lower
✔️ Signals sellers are in control
✔️ Typically red or black
🔹 Market sentiment: Negative (prices falling).
🔍 How to Use Candlestick Patterns in Trading!
✅ 1. Identify the Trend
🟢 Multiple bullish candles = Uptrend
🔴 Multiple bearish candles = Downtrend
→ e.g., $ETH
✅ 2. Watch Candle Size!
📏 Large = Strong momentum
📏 Small = Indecision or low activity
✅ 3. Key Levels: Support & Resistance!
📈 Bullish candle breaks resistance = Potential breakout
📉 Bearish candle breaks support = Possible deeper drop
✅ 4. Look for Confirmation!
📊 Use with RSI, MACD, volume for stronger signals
→ e.g., $ BNB
🔐 Avoiding Losses with Candle Analysis
✅ 5.Use a Stop-Loss!
🚫 Limits your downside risk
✅6 Apply Risk Management!
📉 Never risk more than 2% per trade
✅ 7.Don’t Rely on Candles Alone!
🔄 Always confirm with indicators
✅8. Avoid FOMO!
😱 Late entries = bad entries
✅9. Follow the Trend
📊 "The trend is your friend." Don’t fight it.
