How to Read a Candlestick Chart Like a Pro 🧠💹

Candlestick charts are the heartbeat of crypto trading.

But most beginners just stare at them confused. 😵‍💫

Let’s break it down in plain language 👇

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🔹 1. What’s a Candlestick?

Each candle shows price movement over a specific time (1min, 1hr, 1d, etc.)

It has 4 key parts:

• Open – Where price started

• Close – Where it ended

• High – Peak during that time

• Low – Lowest dip

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🔸 2. Green vs Red

🟩 Green Candle = Price went up (Close > Open)

🟥 Red Candle = Price went down (Close < Open)

• Body = Open-Close range

• Wicks = How far price moved during the candle

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📉 3. Why Candles Matter?

Candles tell the story of the battle between buyers & sellers

They can reveal:

✅ Trend reversals

✅ Continuations

✅ Key entries & exits

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🔥 4. Must-Know Candle Patterns

These are gold for traders:

• Doji – Market indecision

• Engulfing – Possible reversal

• Hammer – Bullish bounce after downtrend

• Shooting Star – Bearish sign after rally

👉 Practice spotting these live!

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🧠 5. Pro Tip: Don’t Rely on Candles Alone!

They work best with:

✅ Trendlines

✅ Volume

✅ Support/Resistance zones

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📈 Mastering candles = mastering price action

Start simple. Keep practicing. Let the chart do the talking.

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💬 What’s your favorite candlestick pattern to trade?

Let’s hear it 👇

#CryptoTrading #BinanceSquare