📊 Basic Candlesticks & What They Tell You
🖋️ By Mr_Lala | Crypto Educator
Want to understand price action like a pro? 🔍 Start with the basics: candlestick patterns! These visual tools give you real-time insights into trader psychology. Here are some must-know candles 🔥:
🕯️ 1. Doji — "Indecision"
Open ≈ Close
Indicates a pause in trend momentum
Watch for breakout confirmation 🔄
📉 2. Bearish Engulfing — "Trend Reversal"
Red candle engulfs previous green one
Strong signal of sellers taking over 🚨
Best when formed after an uptrend 📉
📈 3. Bullish Engulfing — "Buy Pressure"
Green candle engulfs previous red one
Sign of growing buyer strength 💪
Appears after downtrends 🟢
🔻 4. Shooting Star — "Top Warning"
Small body, long upper wick
Indicates a potential trend reversal
Sellers rejected high prices 🚫
🔺 5. Hammer — "Bottom Signal"
Small body, long lower wick
Signals strong buying interest at lows
Seen after a bearish run ✅
🧠 Final Tip:
Candles don’t work alone! Use them with volume, support/resistance, and trend lines for stronger confirmation 📐📊
💬 Got a favorite candlestick pattern? Comment below!
🔁 Save this if you’re serious about trading smart!
#CryptoEducation #BinanceSquar #CandlestickBasics