how long to wait for confirmation you can report the purchase long signal😇

📊 Candle "Hammer" (#HammerPattern ) – what is it and how to trade?
🔹 Hammer – this is a Japanese candlestick with a small body and a long lower shadow, which forms after a strong downward movement.
✅ If the candle is green (bullish):
This is a strong signal for a reversal upwards, as buyers have taken the initiative and closed the candle above the opening.
The long lower shadow shows that the price initially fell, but then bulls bought the asset and pushed it higher.
📈 How to trade using the hammer?
1️⃣ Wait for a confirming candle (another green candle above the hammer's body).
2️⃣ Entry level – after the next candle closes.
3️⃣ Stop-loss – just below the lower shadow of the hammer.
4️⃣ Take-profit – at the nearest resistance level or at Fibonacci levels.
⚠️ Important:
The Hammer candle should form at key support levels or after a long decline.
The longer the shadow, the stronger the signal.
If a red candle follows the hammer, the signal may be false.#BTC