๐ฏ๏ธ๐ Candle Reading 101 โ The Language of Price Action! ๐ฅ
Want to know whatโs really happening in the market? ๐
Learn to read candlesticks โ itโs the key to predicting market moves before they happen.
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๐น What is a Candlestick?
A candlestick shows 4 key things in a time frame:
Open | High | Low | Close
It's like a snapshot of market emotion during that time.
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๐ฅ Basic Candle Types (With Examples):
๐ด Bearish Candle โ Price goes down
Example: Open at $160, Close at $154
โ Sellers are stronger.
๐ข Bullish Candle โ Price goes up
Example: Open at $150, Close at $158
โ Buyers are in control.
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โ๏ธ Wicks Tell You the Battle Story:
Long upper wick: Buyers tried to push higher but failed.
Long lower wick: Sellers trie d to break down, but buyers fought back.
โก๏ธ Example from SOL/USDT chart:
At $152.14, price formed a long lower wick = ๐ฅ Bullish Reversal Signal!
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๐ง Must-Know Candle Patterns:
1๏ธโฃ Hammer (Bullish Reversal)
Looks like a ๐จ. Long lower wick, small body at the top.
โ๏ธ Appears after a downtrend.
๐ก Example: SOL bounced at $152 with hammer โ Price moved up to $156+.
2๏ธโฃ Engulfing (Reversal Signal)
A big candle "engulfs" the previous one.
โ๏ธ Bullish Engulfing = Strong buy signal.
โ๏ธ Bearish Engulfing = Sell pressure ahead.
3๏ธโฃ Doji (Indecision)
Open โ Close = Market is confused.
๐ Watch for breakout next!
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๐ฏ Why Candle Reading Matters:
โ Know when to buy the dip
โ Spot fake breakouts
โ Predict trend reversals
โ Enter & exit with confidence ๐ธ
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โจ Want more candle insights?
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๐ฌ Comment your favorite candle pattern
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