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Candlestick PatternsH
Hammer
A bullish reversal candlestick pattern with a small body at the top and a long lower wick (at least 2x the body). Forms at the bottom of a downtrend.
Example
“After a prolonged sell-off, BTC formed a hammer candle on the daily chart at $25,000 support, signaling buyers had stepped in and a reversal was likely.”