How to Read a Candlestick Chart
If you want to trade crypto, you must learn the language of the market. That language is Candlesticks. š
Many beginners see red and green bars but don't know what they mean. Here is the simple breakdown:
The Body (Thick Part): Represents the range between the Open and Close price.
š¢ Green/White: Price closed higher than it opened (Bullish).
š“ Red/Black: Price closed lower than it opened (Bearish).
The Wicks/Shadows (Thin Lines): These show the High and Low of that time period. Long wicks often indicate price rejection! š«
Why is this important?
Understanding wicks helps you spot reversals before they happen. A long wick at the top means sellers are pushing back!
Question for you:
Do you use Candlestick charts or Line charts for trading? Let me know below! š
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