🚨HIGH ALERT CANDLESTICK PATTERN🚨

🏹a single candle change the whole market

doji candlesticks represent indecision between buyers and sellers in a particular trading period. They occur when the opening and closing prices are almost identical, forming a small or nonexistent body on the candlestick chart.

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🎯Here's how doji work:🎯

Types of Doji: Depending on the relative lengths of the upper and lower wicks (shadows) of the doji, there are several variations:

🚀Gravestone Doji: 📈

Short body near the bottom with long upper wick, suggesting selling pressure that couldn't push the price lower.

🎯Dragonfly Doji: 🎲

Short body near the top with long lower wick, suggesting buying pressure that couldn't push the price higher.

🎯Long-Legged Doji: 🃏

Short body with wicks of equal length on both sides, signifying strong buying and selling forces cancelling each other out.

🎯Interpretation: A single doji doesn't provide strong direction. However, they can hint at potential reversals or continuations:

🎯In an uptrend:🀄

 A doji might indicate weakening bullish momentum, possibly leading to a pullback or even a reversal.

🎯In a downtrend: 🎲

A doji might point to exhaustion of selling pressure, potentially signalling a bounce or a trend reversal.

🎯During consolidation:🥌

 A doji implies indecision, suggesting the price might hold its range or break out in either direction.

🔔Important Points:🔔

📈Doji are neutral indicators $ETH

$SOL

$BTC

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