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Do you know this project? 🛡️ Do you know the founder? ⬛ Are you involved? 🎭 I think it would be a great project.💥 #soniCash 😎
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GOOLD ✨ $SOL $XRP $ETH
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learn 🙏 $BTC $ETH $SOL
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💥 EDUCATIONAL 💥 The "Shooting Star" candlestick formation is one of the Japanese candlestick patterns that signals a potential bearish reversal. Its appearance on the chart usually marks an important resistance level or the moment when the uptrend changes to a downtrend. Since a shooting star consists of only one candle, identifying it on the chart is quite easy: you just need to check it for several criteria. If all the criteria coincide, then the formation is real, and the probability of a price drop will increase significantly. Characteristics of the "Shooting Star": Firstly, it is worth noting that before the formation of the figure there should be growth, at least short-term in a few candles. Then, if the candle meets all the above criteria, we refer it to the Shooting Star and make the appropriate conclusions: -the opening of the candle occurred with an upward gap. -The candle body is relatively short (visually it should look like a square). -The upper shadow of the candle is at least 2 times longer than the body. -the lower shadow is either absent or does not exceed half the height of the body. -colour of the candle does not matter. Be sure to wait for a confirmation candle. $BTC $ETH $SOL
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$SOL 4H Why do we make things difficult for ourselves? Let's analyze it together very simply. The red line represents resistance and the green line represents support. My question to you is: what do you see ahead and what do you expect?
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