When this type of Doji candle forms, as I’ve shown in the screenshot, my observation is that the market often gives a rejection to the downside and starts preparing for an upward move.
In most cases, when this Doji appears near a strong support or demand zone, the market shows buying pressure from this area and a bullish move or pump follows.
I have noticed this setup repeatedly, and in around 70–80% of cases, a bullish move starts from here.
Before taking a BUY, I always confirm the next candle, volume support, and rejection from support.
Now let’s open the chart and see whether the market gives a BUY from here this time as well.
