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Beginners Do you want to earn 20$ from First Day follow Candlestick Patterns Hey Traders, Firstly You have need to know how to trade use patterns. Trading using chart patterns requires certain steps: Identify the previous market trend. Wait for the chart pattern to form and complete. Determine if the pattern signals a continuation or a reversal of the trend. Identify the point where the price breaks out of the pattern. Confirm this breakout when the price closes outside the trendline, accompanied by an increase in volume. This is a safe time to make trades, especially if there's a retracement after the initial breakout. Set stop levels below the support or resistance line or the previous candle of the entry candle. The first trading target can be the highest high of the pattern from the breakout point. But chart patterns also have limitations: OFalse breakouts: Sometimes the price reverses after a breakout, which is opposite to what the pattern predicts. Different interpretations: The same pattern might mean different things to different traders. Not obvious in real-time: Patterns are easier to identify in retrospect than in live markets. Illusory patterns: Traders sometimes perceive a pattern where none exists. This patterns for beginners. In conclusion, though chart patterns have their shortcomings, they're a powerful tool in trading. Identifying them in live markets offers a competitive edge. However, they’re most effective when used in conjunction with other technical analysis tools. #CryptoPreUSElection #BTCMiningDifficultyRecord #USJoblessClaimsDip #BTC67KRebound #BTC
Today, I'm going to show you how to do your own research before investing in CRYPTOCURRENCIES.
Here are the Step: The BITCOIN market price is the master controller of the entire
✅CRYPTOCURRENCY market price action. So the first step to perform your own research before investing in CRYPTOCURRENCIES is by analyzing the most current BITCOIN Market price. For example; if the BITCOIN market price bounces up by 5% from its most recent Low price, you've got to hunt for a LONG trading opportunities in the CRYPTOCURRENCY markets. But if the
BITCOIN market price dumps by 5% from its most recent high price, you've got to hunt for a SHORT trading opportunities in the CRYPTOCURRENCY markets
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Another One. $SHELL is stabilizing after a pullback and attempting a short-term bounce. SHELL/USDT Long Setup Timeframe: 1H Bias: Long Entry Zone: 0.0545 – 0.0556 Stop Loss: 0.0528 Take Profits: TP1: 0.0565 TP2: 0.0576 TP3: 0.0590 Price is holding above the recent demand area and forming higher lows. Small, step-by-step upside is possible if price stays above the entry zone.