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Japanese candlestick patterns and their meanings in trading. 1. Reversal Patterns: These candles indicate a possible reversal of the current trend. • Hammer: • Its shape: a small body at the top and a long lower shadow. • Its significance: It occurs after a downtrend and indicates the possibility of an upward reversal. • Interpretation: It indicates that sellers pushed the price down, but buyers regained control and pushed the price up.
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and is hovering above a strong support zone between 0.0035 and 0.0030.
This area is crucial for the price recovery,
and a potential recovery is expected as buyers return to the market.
If the support at 0.003395 holds,
the price is expected to rise steadily towards the mentioned targets. The overall structure shows a bullish continuation setup, supported by historical price action and strong market interest.
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