@binance
Candles are the language of price.
From it, you know: Who is in control now? Buyers or sellers? And is the movement real or a deception?
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1️⃣ Candle Anatomy
• Body: The difference between open and close
• Wicks: Price Rejection (High/Low)
• Color:
• 🟢 Close Higher = Buying Power
• 🔴 Close Lower = Selling Power
📌 Large Body = Strong Control
📌 Long tail = Price rejection
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2️⃣ Most important reversal candles
🟢 Hammer
• Long lower tail + small body above
• Appears at support
➡️ Possibility of a bullish rebound
🔴 Shooting Star
• Long upper tail + small body below
• Appears at resistance
➡️ Possibility of a decline
🤝 Doji
• Very small body
• Clear frequency
➡️ Wait for the next candle for confirmation
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3️⃣ Engulfing candles
• Bullish Engulfing: Green candle engulfs red
➜ At support = Buy entry
• Bearish Engulfing: Red candle engulfs green
➜ At resistance = Sell entry
📌 Engulfing on a larger timeframe is stronger.
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4️⃣ Pin Bar
• Very long tail + small body
• Tail direction = Rejection direction
➡️ Excellent for entering with the trend after correction
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5️⃣ Rules for using candles professionally
✅ Don't trade a single candle
✅ Use it with support/resistance or trend
✅ Wait for the close
✅ Larger timeframe = Higher credibility
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🔥 Simple entry model:
• Upward trend
• Price at support
• Hammer / Engulfing candle
➡️ Buy
➡️ SL below the tail
➡️ TP at the next resistance
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✅ Lesson summary:
• Candles tell you what is happening “now”
• Location is more important than shape
• Confirmation is more important than prediction
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#Candlestick #PriceAction #CryptoTrading #Binance #BTC $XRP #ETH #CryptoArabic
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