Cryptocurrency Q&A
How do you identify a bullish hammer?
How do you identify a bullish hammer?
Lorenzo
Sun Feb 09 2025
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7
answers
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I'm trying to understand how to recognize a bullish hammer in trading charts. I want to know the specific characteristics that define this pattern so I can use it to make informed trading decisions.
7 answers
ZenHarmony
Tue Feb 11 2025
The bullish hammer is a unique candlestick pattern observed in financial charts.
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CryptoEnthusiast
Tue Feb 11 2025
It features a small body positioned near the top of the price range for that particular period.
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CryptoKing
Tue Feb 11 2025
The defining characteristic of a bullish hammer is its long lower shadow.
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Raffaele
Tue Feb 11 2025
This shadow extends significantly below the body, indicating a period of selling pressure followed by significant buying.
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Valentina
Mon Feb 10 2025
The length of the shadow is crucial, as it should be at least 2-3 times larger than the body of the candle.
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