๐ **What is a Candlestick?**
Each **candlestick** represents price action for a specific time period (e.g., 1 minute, 1 hour, 1 day).
A candle includes:
* **Open** price
* **Close** price
* **High** price
* **Low** price
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๐ฉ๐ฅ Candlestick Components:
| Part | Description |
| --------- | --------------------------------------------- |
| **Body** | Area between open and close prices |
| **Wicks** | Thin lines showing highs/lows beyond the body |
| **Color** | Green (price went up), Red (price went down) |
๐ Common Candle Patterns in Binance:
1. **Bullish Engulfing** โ Strong buy signal
2. **Bearish Engulfing** โ Strong sell signal
3. **Doji** โ Market indecision (open = close)
4. **Hammer** โ Potential bullish reversal
5. **Shooting Star** โ Potential bearish reversal
๐ง Why Use Candle Reading in Binance?
* Helps identify **market trends**
* Signals potential **entry/exit** points
* Used in combination with indicators like **RSI**, **MACD**
