⚡️Hammer candlestick vs Doji: what’s the difference
Dojis are like hammers without a body. A Doji candlestick opens and closes at the same price. While a hammer candlestick indicates a potential price reversal, a Doji usually suggests consolidation, continuation or market indecision. Doji candles are often neutral patterns, but they can precede bullish or bearish trends in some situations.
The Dragonfly Doji looks like a hammer or hanging man without the body.
⚡️The Gravestone Doji is similar to an inverted hammer or a shooting star.
Still, hammers and Dojis don’t say much on their own. You should always consider the context, such as the market trend, surrounding candles, trading volume, and other metrics.
#TrendingTopic #pepe #BTC #Write2Earn $BTC $ETH $BNB
