📌 WHAT'S HAPPENING? The candle with the long lower wick (h
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Updated at: a day ago
{"content":"📌 WHAT'S HAPPENING?
The candle with the long lower wick (highlighted with the red arrow) shows strong rejection of lower prices.
Bears pushed the price down, but bulls quickly stepped in and pushed it back up before the candle closed — showing a shift in control from sellers to buyers.
This is often followed by a trend reversal or a strong upward bounce, as seen in the green candles afterward.
✅ TRADING STRATEGY:
Buy Entry: On the next green candle that closes above the rejection wick.
Stop Loss: Slightly below the wick's lowest point.
Take Profit: Target previous resistance levels or use a risk-reward ratio (e.g., 1:2).
⚠️ PRO TIP:
Confirmation matters! Don’t blindly enter on a wick alone — look for volume spikes, RSI divergence, or bullish follow-through candles for stronger conviction.
#PCEMarketWatch
#BinanceAlphaAlert
#TrumpTariffs ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/30/a4e32f1c742e4168be82132b1e4c0156.jpg"],"tags":[],"tradingPairs":[],"quotearticleid":0}