📌 Hammer
The Hammer is a bullish reversal candlestick pattern that typically appears after a downtrend. It features a small real body and a long lower shadow, showing that while sellers drove the price lower, buyers stepped in and pushed it back up by the close. It signals potential strength and a possible trend reversal.
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📌 Inverted Hammer
Seen after a downtrend, the Inverted Hammer has a small body and a long upper wick. It shows that buyers tried to push prices higher, but faced resistance. Though not a strong signal on its own, with confirmation, it can mark the beginning of a bullish reversal.
📌 Dragonfly Doji
This rare pattern appears when the open, high, and close are nearly the same, with a long lower wick. It indicates buyers stepped in strongly after early selling pressure. When confirmed by following candles, it can be a strong signal of a potential trend reversal.
📌 Bullish Spinning Top
This pattern has a small body with upper and lower shadows, signaling market uncertainty. Though the price moved during the session, neither side dominated. After a decline, it can hint at a shift toward bullish sentiment.
📌 Hanging Man
Appearing near the top of an uptrend, the Hanging Man has a small real body and a long lower shadow. It shows increasing selling pressure—even if the session ended higher—and can signal a weakening bullish trend.
📌 Shooting Star
A bearish reversal pattern, the Shooting Star forms after an uptrend and features a small body near the low and a long upper shadow. It signals that buyers pushed prices higher but couldn’t maintain momentum, giving way to sellers.
📌 Gravestone Doji
With a long upper wick and little or no lower shadow, this pattern suggests strong rejection of higher prices. Often forming at the top of an uptrend, it can foreshadow a reversal as bullish strength fades.
📌 Bearish Spinning Top
Similar in shape to the bullish version, this pattern shows indecision—but when it follows a rally, it often hints that bullish momentum is fading. It can be an early sign of a bearish move
🎯 Final Thoughts
Though small in appearance, single candlestick patterns can reveal powerful market signals. When used with volume analysis, key levels, and confirmation candles, they become valuable tools for any trader.
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