🕯️ Learn to Read Candlesticks: THE KEY for Beginner Traders! 🔥
Confused looking at crypto charts?
Don't just watch the price go up and down, but understand candlesticks to make entry & exit decisions!
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📊 Basic Structure of Candlestick:
🟢 Body
The distance between opening & closing prices.
Long body = strong momentum.
🟢 Wick
Shows the high & low prices during that period.
Long wick = pressure from buyers/sellers.
🟢 Candlestick Colors:
Green (Bullish): Price goes up
Red (Bearish): Price goes down
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🔥 Basic Patterns You Must Recognize:
✅ Hammer 🔨 (Bullish Reversal)
Long lower wick, small body on top.
Usually appears at support → signal that price is likely to rise.
✅ Shooting Star 🌠 (Bearish Reversal)
Long upper wick, small body at the bottom.
Signal of potential decline.
✅ Doji ➖ (Market Indecision)
Small body, balanced upper-lower wicks.
Sign of market uncertainty.
✅ Engulfing 🫴 (Strong Reversal)
Large candle engulfs the previous candle.
Bullish engulfing → buy signal.
Bearish engulfing → sell signal.
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🎯 See example images below:
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💡 Additional Tips:
Candlesticks are not predictions 🔮
Combine with support-resistance, volume & other indicators.
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⚠️ Disclaimer:
Not financial advice. Do your research before trading.
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💬 If you want to learn more about trading strategies:
Write in the comments: “CONTINUE LEARNING!” 🔥
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