⚖️ Understanding the Long-Legged Doji in Charts ⚖️
On trading platforms like gate.io, the Long-Legged Doji is a crucial candlestick pattern that signals uncertainty and potential market turning points 🔄
🟣 What is it?
The Long-Legged Doji has long upper and lower shadows with the open and close prices near the middle. This means both buyers and sellers were active, but neither could gain control — a perfect sign of market indecision.
🔥 Why is it important?
1- Indecision Indicator: Shows a balance of power between bulls and bears, often leading to sharp movements 📉📈
2- Pause Before Decision