🔍 How to Read a Candle on the Binance Chart
Each candle represents the price behavior of an asset over a period (1min, 15min, 1h, 1D, etc.). It shows 4 main points:
Open, Close, High, and Low.
If the candle is green, the price went up. If it is red, it went down.
The body represents the difference between the open and close. The wicks show the price extremes during the period.
💡 What to observe:
– Large body = strength in the direction of the movement.
– Long wicks = price rejection.
– Small body candle = indecision.
🧠 Useful examples:
– Doji: opens and closes almost at the same point (reversal signal).
– Hammer: long lower wick (possible rise).
– Shooting star: long upper wick (possible fall).
📌 Golden tip: do not analyze the candle in isolation! Use it together with trends, supports/resistances, and indicators (RSI, Moving Averages, MACD).
🚀 Reading candles is reading the behavior of players. With practice, you stop trading in the dark and make decisions with more certainty.
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