I've been observing for a while that many in the community still have doubts about how to read a Japanese candlestick chart. The truth is, once you understand the candlestick patterns, everything becomes much clearer.

The basics are simple: it all boils down to the color and the relationship between the opening and closing prices. Let me break it down.

When you see a red or black candle, it means that sellers won the battle during that period. The price closed lower than it opened. The wicks show where the price touched its high and low during that candle. Visually, you'll see that the open is at the top and the close is at the bottom. Pure selling pressure.

Now, green or white candles are the opposite. Buyers took control. The close is above the open, which means there was more demand than supply. If you see a series of these, it typically indicates bullish momentum.

What's interesting about candlestick patterns is that you don't need to be an expert to start recognizing them. Just look at the color and shape. Do you see a small body? That indicates indecision. A large body? Strong directional movement. Long wicks tell you there was rejection at certain levels.

For technical analysis, these candlestick patterns are absolutely crucial. Combining several of these patterns together, you can identify potential entry and exit points. It's like learning to read the market sentiment in real time.

The key is to consistently observe how these formations behave. With SOL around 86.81, it's a good time to practice identifying these patterns in assets you know. Each candle tells a story of what happened between buyers and sellers during that specific period.