The shape of the candles offers valuable insight into the market...

The shape of the candles offers valuable insight into the market sentiment:
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1. Recent Green Candles (13/1 - 20/1):

   • These candles show smaller bodies compared to the earlier large green candles in late December and early January. This indicates indecision or consolidation, where buyers and sellers are becoming more evenly matched.
   • The wicks on both sides suggest some price rejection, likely near the resistance level of $0.022.

2. Large Green Candles (Late December - Early January):

   • The large-bodied green candles with little-to-no upper wicks signal strong bullish momentum during this period.
   • This implies that buyers were in control, pushing the price up consistently with minimal resistance.

3. Red Candles Within the Trend:

   • The presence of small red candles indicates profit-taking or temporary pullbacks rather than a full reversal.
   • These are natural during an uptrend and can actually strengthen a breakout setup by allowing the trend to "reset" before a continuation.

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Overall Candle Analysis:

• - The candles near the $0.022 level suggest consolidation, but the presence of green candles and small wicks shows buyers still have control.
• - A strong bullish candle breaking and closing above $0.022 with minimal upper wick would confirm the breakout. Conversely, if rejection candles (long upper wicks) form repeatedly, it may signal resistance is holding strong.