💙 Understanding Japanese Candlesticks in Crypto (Beginners) 💙
🔷 📊 What is a Japanese candlestick? Candlesticks are the red or green bars on crypto charts. They represent the price movement of a cryptocurrency over a period (5min, 1h, 1 day...).
🔷 🟩 GREEN Candlesticks = price goes up 🔷 🟥 RED Candlesticks = price goes down 🔷 Small wicks = low volatility 🔷 Large wicks = a lot of movement
🔷 Example of simple interpretation: 🕯️ A green candlestick with a long wick on top: ➡️ Buyers pushed hard, ➡️ But sellers resisted the rise.
🕯️ A red candlestick with a large wick on the bottom: ➡️ Sellers dominated, ➡️ But buyers came back to support the price.
🔷 Why is it important? ✅ It helps to spot:
Price rejections
Reversal zones
Moments of buyer/seller pressure
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