#MarketPullback

Japanese candlesticks are a fundamental tool for market analysis that helps traders identify potential entry and exit points. Their formations reflect the balance between buyers and sellers, allowing you to predict further price movement.

For example, the Hammer candle has a short body and a long lower shadow, signaling a possible upward reversal after a downtrend. The opposite situation is the Shooting Star, which warns of a possible decline in price after an increase.

More complex combinations, such as the Bullish Embossment or Bearish Embossment, show a change in market sentiment. If a large "green" candle completely absorbs the previous "red" candle, this is a buy signal, and vice versa.

For a confident analysis, combine candlestick patterns with other indicators, such as the RSI or moving averages, and also take into account news.

Trading on Binance becomes more successful when you know how to "read" the market. Study Japanese candlesticks, be attentive - and let your trades bring profit!