✨What are candles on Binance? I'll explain it simply...
📱💻When you open a chart on Binance or any exchange, what you see are not "pretty drawings", they are Japanese candles!
Each candle tells you a story about the price of a cryptocurrency over a given time (for example, in 5 minutes, 1 hour, or 1 day..etc).
✅ What does a candle show?
Open: price at the beginning of the period
Close: price at the end of the period
High and low: the highest and lowest points reached during that time
🟩Green candle: the price went up (closed higher than it opened)
🟥 Red candle: the price went down (closed lower than it opened)
📊Body of the candle: difference between open and close
⬛Wicks (or shadows): how far the price went up or down in that interval
What is this for?
Candles help you to:
✔️ Detect if there are more buyers or sellers
✔️ See if the market is rising or falling
✔️ Predict movements based on patterns
🚨A candle doesn't tell everything. But many together tell the story of the market!
If you learn to read them, you stop guessing and start understanding. 📉📈
#Adiction13
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