I starting with $DOGE what's your thoughts!
💲 Candlestick Chart Basics
🟢 Bullish Candle (Green)
Green Candle 🟩
Open (below): Price started from here
Close (above): Price closed here
→ Its meaning is that the price went up = Bullish
Real Body: This is the main part of the candle (from Open to Close)
Upper Shadow (Wick): How much the price went up
Lower Shadow (Wick): How much the price went down
📈 When the candle is green, it means the market went up.
🔴 Bearish Candle (Red)
Red Candle 🟥
Open (up): Price started from here
Close (down): Price closed here
→ It means price went down = Bearish
Real Body: This is the main part of the candle (from Open to Close)
Upper Shadow (Wick): How much the price went up
Lower Shadow (Wick): How much the price went down
📉 When the candle is red, it means the market went down.
🔍 How to use it?
If you are watching:
Long green candles: Buyers are strong (Buy signal)
Long red candles: Sellers are strong (Sell signal)
Wicks are long: There is rejection or uncertainty in the market
