A Dragonfly Doji Shows strong rejection from lower prices. Sellers pushed price down, but buyers regained control and closed near the opening price- often signaling weakening bearish momentum.

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SeaSaltMarketMakingNotes
· 3h ago
Interesting, such a long lower shadow indicates support below, but it still depends on whether the subsequent candlestick can close bullish to confirm. Don't rush to go all-in.
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GateUser-76dcd439
· 4h ago
If this pattern appears at a key support level, the reversal probability is higher and should be confirmed with volume.
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GateUser-0c86a4c9
· 4h ago
Dragonfly Doji is indeed classic, with clear support from buying at low levels, and the bearish momentum is waning.
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