🕯️📈 Candle Reading 101 – The Language of Price Action! 💥
Want to know what’s really happening in the market? 👀
Learn to read candlesticks — it’s the key to predicting market moves before they happen.
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🔹 What is a Candlestick?
A candlestick shows 4 key things in a time frame:
Open | High | Low | Close
It's like a snapshot of market emotion during that time.
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🔥 Basic Candle Types (With Examples):
🔴 Bearish Candle – Price goes down
Example: Open at $160, Close at $154
→ Sellers are stronger.
🟢 Bullish Candle – Price goes up
Example: Open at $150, Close at $158
→ Buyers are in control.
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⚔️ Wicks Tell You the Battle Story:
Long upper wick: Buyers tried to push higher but failed.
Long lower wick: Sellers trie d to break down, but buyers fought back.
➡️ Example from SOL/USDT chart:
At $152.14, price formed a long lower wick = 🔥 Bullish Reversal Signal!
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🧠 Must-Know Candle Patterns:
1️⃣ Hammer (Bullish Reversal)
Looks like a 🔨. Long lower wick, small body at the top.
✔️ Appears after a downtrend.
💡 Example: SOL bounced at $152 with hammer → Price moved up to $156+.
2️⃣ Engulfing (Reversal Signal)
A big candle "engulfs" the previous one.
✔️ Bullish Engulfing = Strong buy signal.
✔️ Bearish Engulfing = Sell pressure ahead.
3️⃣ Doji (Indecision)
Open ≈ Close = Market is confused.
👀 Watch for breakout next!
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🎯 Why Candle Reading Matters:
✅ Know when to buy the dip
✅ Spot fake breakouts
✅ Predict trend reversals
✅ Enter & exit with confidence 💸
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✨ Want more candle insights?
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