#CryptoCharts101 📊 | Basics of Reading Japanese Candlesticks

📌 1. What are Japanese Candlesticks?

Each candlestick represents price movement over a specific time period (such as 1 minute, 1 hour, 1 day).

🟩 Green Candlestick: Price closed higher → Uptrend.

🟥 Red Candlestick: Price closed lower → Downtrend.

📌 2. Parts of the Candlestick:

Body: The difference between the opening and closing price → Reflects the strength of the movement.

Wicks: Represent the highest and lowest price during the period →

Long upper wick = Selling pressure.

Long lower wick = Buying pressure.

📌 3. Most Popular Patterns:

Engulfing: A large candlestick that covers the previous candlestick → Potential trend reversal.

Doji: A candlestick with a small body → Market indecision → Potential signal for a trend change.

Marubozu: A candlestick without wicks → Clear strength in buying or selling.

📌 4. How to Use Them?

Quick Trading? → Use small time frames (5-15 minutes).

Long-term Investment? → Rely on daily or weekly candles.

Always link candlestick readings with support/resistance levels and technical indicators for more accurate trading decisions.

✅ Remember: Reading candlesticks is a fundamental skill for any professional trader. Learn it → Apply it → Develop your strategy.

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