Shadows of candles on the chart $BNB : what do they tell us?

Shadows (tails) of Japanese candles are an important indicator of market sentiment. They show how far the price has moved from the opening and closing during the chosen timeframe.

🔹 A long upper shadow means that buyers tried to raise the price, but sellers prevailed and forced it to drop back to the closing level.

🔹 A long lower shadow indicates that the price initially fell sharply, but then buyers stepped in, pushing it back up to the closing level.

Using the BNB chart as an example:

👉 A noticeable long lower shadow at around ~$500 is a sign of strong support. Those who spotted this zone in time could buy coins at a minimal price before the rebound.

👉 Long upper shadows around $732 indicate that there was selling pressure at these levels, and the price could not hold above.

📌 How to use it?

✅ If you see a long lower shadow – it may be a signal to buy.

✅ If long upper shadows appear, it is worth considering partial profit-taking.

Let’s learn to read the market through the hints of the chart! 🚀