🕯️ For a cryptocurrency trader on Binance, understanding candles is one of the most important skills. One candle represents four key prices: Open, High, Low, Close — graphically displayed by the body and wicks. This allows you to see how buyers and sellers influence the market's price movement.

🧩 What do candles show?

The body of the candle is the range between the opening and closing price.

Green body = price closed above the opening (bullish candle).

Red body = price fell (bearish candle).

Wicks — show extreme prices for the period. A long lower wick indicates buying on the dip, while an upper wick indicates seller attempts.

🔃 Key patterns to watch

Bullish patterns:

Hammer — long lower wick, small body at the bottom. Indicates a possible upward reversal.

Inverted Hammer — long upper wick, signals the end of selling pressure.

Bullish Harami — a large red candle followed by a small green one inside it. An influx of buyers on the dip.

Bearish patterns:

Hangman — resembles a hammer but appears at the top of a trend, signaling a downturn.

Evening Star — a series of candles: a strong green one, followed by a small one, then a wide red one. A reliable sign of a downturn.

Bearish Harami — a wide green candle followed by a small red one inside, indicating a decline in buying interest.

📊 How to trade based on candles?

1. Timeframe: use 5–15 minutes for active trading, 1 hour or more for swing trading. Binance offers flexible time intervals.

2. Combine candles with RSI, MACD, volumes, and support/resistance levels — this provides more accurate signals.

3. Look for confirmation: don’t enter based on just one candle pattern — wait for confirmation from the next candle.

4. Stop-loss and risk management: never risk more than 1–2% of capital in one trade, watch the spreads and volatility.

💡 Why is this important for BTC, ETH, and BNB

$BTC — the most liquid pair on Binance. Candle patterns work particularly well here due to the volume.

$ETH — an asset with a strong reaction to news and updates, where candle signals help quickly catch entries.

$BNB — a Binance token, well-suited for trading and technical analysis.

If candle patterns are validated on these coins — it's working in an area with clean interest and liquidity.

✅ Summary:

Understanding candles is understanding the balance of market sides: buyers and sellers.

Patterns like Hammer, Harami, Morning/Evening Star signal possible reversals or continuations.

But the key is to analyze them in the context of trend, volume, and other indicators.

Working with BTC, ETH, and BNB is particularly productive due to their stability and mass interest.

Subscribe to @BinHayEx Ex on Binance Square if you want to receive fresh analyses of trending tokens, daily real ideas, analytics, and crypto tips before others. It's all straightforward, honest, and to the point.

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