🚨 Learn These Candle Patterns to Avoid Trading Losses 👇
Candlestick patterns help traders predict market trends. Here are some important ones to know:
Buy Signals (Green Candles)
These patterns mean the price might go up:
1. Bullish Engulfing: A big green candle covers a small red one. Means strong buying.
2. Hammer: Small green candle with a long tail. Means the price might go up after a drop.
3. Morning Doji Star: Three candles: red, small green, big green. Means the trend is changing.
4. Rising Sun: Red candle followed by a strong green candle. Means the price is going up.
Sell Signals (Red Candles)
These patterns mean the price might go down:
1. Bearish Engulfing: A big red candle covers a small green one. Means strong selling.
2. Dark Cloud Cover: Red candle opens high, closes low. Means the trend is changing.
3. Shooting Star: Small green candle with a long tail. Means the price might go down.
4. Hanging Man: Small green candle with a long tail, at the top of an uptrend. Means the price might drop.
*Remember*
- Buy when you see strong upward patterns.
- Sell when you see strong downward patterns.
- Always check the volume and trend before making a trade.
Hope this helps!
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