$ETH
To win on Binance through candlestick charts (Japanese candlesticks), you need to know how to adjust them and understand them well. Let me explain it in a simplified way:
1. Change the time frame:
If you are doing scalping (quick intraday trading), consider working on 5 minutes or 1 minute.
If you are doing regular trading, use 15 minutes, 1 hour, or 4 hours.
2. Use the appropriate type of candlesticks:
Stick with classic Japanese candlesticks (Candlestick), don't switch to Heikin Ashi unless you understand it well.
3. Color of the candlesticks:
To clarify the view more:
Keep the green candle = Upward movement.
Keep the red candle = Downward movement.
You can enlarge the borders of the candle to see it more clearly.
4. Add helpful indicators:
For example: moving averages (Moving Averages), Bollinger Bands, or RSI.
These help you know when to enter and exit.
5. Use the zoom in and zoom out feature of the chart:
You should always see the big picture (Zoom out), and then look at the small details (Zoom in).
6. Learn to read the candlesticks themselves:
When you see a candle with a long upper wick = Selling pressure.
A candle with a long lower wick = Buying pressure.
Engulfing candles = Often indicate a change in direction.
Golden note:
Adjustment alone is not enough for profit; it must be accompanied by analysis and confirmations before entering.