#Write2Earn #learn2earn #Binance 📘 Day 2 — Important Candle Types Every Trader Must Know
Yesterday we learned what a candle is.
Today we understand what candles mean.
There are 4 important types you must know:
1️⃣ Doji
Open ≈ Close
Small body, long wicks.
Meaning:
Market is confused.
Buyers and sellers are equal.
Do not trade blindly after a Doji.
Wait for confirmation.
2️⃣ Hammer (Bullish Reversal)
Small body
Long lower wick
Meaning:
Sellers pushed price down.
Buyers strongly rejected it.
Usually appears at support.
3️⃣ Bullish Engulfing
Big green candle
Completely covers previous red candle.
Meaning:
Buyers took control aggressively.
Strong reversal signal (with structure).
4️⃣ Bearish Engulfing
Big red candle
Covers previous green candle.
Meaning:
Sellers dominating.
Often appears near resistance.
⚠ Important:
Candle pattern alone is not strategy.
Context matters: • Trend
• Support/Resistance
• Liquidity
@Binance Academy @Binance South Asia @The Crypto PROFESSOR_- $BTC $BNB $ETH