๐ LEARN TO READ JAPANESE CANDLES ON BINANCE! ๐ฅ
Japanese candles ๐ฏ๏ธ are the foundation for understanding price movement in trading. Here's how to read them:
1๏ธโฃ Candle structure
๐ธ Body โถ๏ธ opening and closing price
๐ธ Wicks (shadows) โถ๏ธ highest and lowest prices of the period
2๏ธโฃ Colors that speak
๐ฉ Green candle = price went up (close > open) ๐
๐ฅ Red candle = price went down (close < open) ๐
3๏ธโฃ Basic signals
๐ Large green candle โ Strong buying pressure ๐ช
โค๏ธ Large red candle โ Strong selling pressure ๐ฅ
๐ค Small body + long wicks โ Market indecision โ๏ธ
4๏ธโฃ Key timeframes
๐ 1D (Daily) โ to see clear trends ๐งญ
๐ 4H or 1H โ ideal for swing trading ๐ฏ
โฑ 1M or 5M โ only for expert traders โก
5๏ธโฃ PRO tip
๐ Combine your candles with:
๐ Support and resistance
๐ Volume
๐ Basic patterns (hammer, engulfing, dojiโฆ)
๐ง Final tip: Candles do not predict the future ๐ฎ, but they show you the history of the market and where the big players are buying or selling.
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