WangLoc
--
Bullish Engulfing & Hammer Early Signs Buyers Are Stepping In
Bullish Engulfing - A bullish engulfing pattern forms with two candles:
The first is a small red candle showing weak selling pressureThe second is a strong green candle that completely engulfs the prior body
This signals a clear shift in control from sellers to buyers, often appearing near local bottoms or key support zones. $BTC
{future}(BTCUSDT)
Hammer - The hammer reflects aggressive buyer defense:
Price opens lower (or sells off sharply)Buyers step in and push price back up, leaving a long lower wick and small body $ETH
{future}(ETHUSDT)
This shows rejection of lower prices and potential trend exhaustion to the downside.
Key takeaway: Both patterns suggest bullish intent, but confirmation matters. Look for follow-through volume, structure reclaim, or higher-timeframe alignment before committing.
Patterns show interest. Structure confirms direction.
#TrumpTariffs #USJobsData #BinanceBlockchainWeek
The first is a small red candle showing weak selling pressureThe second is a strong green candle that completely engulfs the prior body
This signals a clear shift in control from sellers to buyers, often appearing near local bottoms or key support zones. $BTC
{future}(BTCUSDT)
Hammer - The hammer reflects aggressive buyer defense:
Price opens lower (or sells off sharply)Buyers step in and push price back up, leaving a long lower wick and small body $ETH
{future}(ETHUSDT)
This shows rejection of lower prices and potential trend exhaustion to the downside.
Key takeaway: Both patterns suggest bullish intent, but confirmation matters. Look for follow-through volume, structure reclaim, or higher-timeframe alignment before committing.
Patterns show interest. Structure confirms direction.
#TrumpTariffs #USJobsData #BinanceBlockchainWeek
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
