Do you want to catch the trend reversal before it happens?
Master these 4 candlestick patterns that every successful trader uses!
Let’s break it down Phoenix style 🕊️🔥👇
1️⃣ Bullish Engulfing 🟢
📉 Appears in a downtrend
🟢 A big green candle completely engulfs the previous red candle.
✅ Signal: Buyers are taking over.
📌 Phoenix Strategy:
Confirm with RSI < 30 or near support
Entry: Above the green candle's high
Stop Loss: Below the engulfing candle's low
Target: Next resistance or 1:2 risk-reward
2️⃣ Bearish Engulfing 🔴
📈 Appears in an uptrend
🔴 A big red candle engulfs the previous green candle.
✅ Signal: Sellers are taking control.
📌 Phoenix Strategy:
Confirm with RSI > 70 or near resistance
Entry: Below the red candle's low
Stop Loss: Above the engulfing candle's high
Target: Next support or 1:2 RR
3️⃣ Bullish Hammer 🔨🟢
📉 Appears at the bottom of a downtrend
🟢 Small body with a long lower wick (buyers stepped in).
✅ Signal: Reversal to the upside is likely.
📌 Phoenix Strategy:
Confirm near strong support level
Entry: Above the hammer’s high
Stop Loss: Below the wick
Target: Resistance zone or EMA 20
4️⃣ Bearish Hammer (Shooting Star) 🔨🔴
📈 Appears at the top of an uptrend
🔴 Small body with a long upper wick (buyers failed).
✅ Signal: Reversal to the downside possible.
📌 Phoenix Strategy:
Confirm near resistance or trendline
Entry: After red candle confirmation
Stop Loss: Above the wick
Target: Support zone or EMA 50
💡 Phoenix Coin Pro Tip:
📊 Combine these candlestick patterns with:
✔️ RSI / MACD / EMA Crossovers
✔️ Support & Resistance zones
✔️ Price action confirmation
Never trade just on patterns alone. Always manage risk with a 1:2 or better risk-reward ratio!
🔥 Save this post as your go-to reversal cheat sheet!
💬 Which pattern is your favorite to trade with? Let us know in the comments!
#PhoenixChain #CryptoWithConfidence #BinanceStrategy #CandlestickChart #ScalpingStrategy $BTC