🔥Piercing Pattern is one of the short-term trend reversal candlestick patterns 🔥
✅ In a downtrend and preferably in the support zone, this model has a higher probability of being correct. Because the sellers have withdrawn from the market, the volume has decreased and the volume is low but the price increase comes from the buying volume.
🤫 Tip: Pay attention to the upper and lower whiskers. If the upper beard is shorter than the lower, it means that when the session closes, the sellers have accepted the results and the buyers are not immediately overconfident, but they still crave tokens and buy. back at low prices.
♨️The probability is higher if the green candle body keeps the price from 38%-68% from the red candle's closing price.
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