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The Dragonfly Doji is a significant candlestick pattern in trading, indicating potential trend reversals, especially at market bottoms. It features a small body at the upper end of the trading range with a long lower shadow and little to no upper shadow, resembling a "T." This pattern suggests strong rejection of lower prices, signaling bullish momentum. Traders often confirm the reversal with subsequent green candles or higher volume. The Dragonfly Doji is most reliable after a downtrend, highlighting buying pressure. Proper risk management is essential, as false signals can occur. Combining it with other indicators enhances accuracy in predicting upward reversals. Follow For More #MyCOSTrade #EDGENLiveOnAlpha #CEXvsDEX101 #FTXRefunds #PatternRecognition
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When i open long position after a bulish news 🤣🤣😭 Has this ever happened to you? $BTC $ETH $XRP
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JUST IN: 🇺🇸 President Trump says if the court rules against him on tariffs "that would allow other countries to hold our nation hostage." #TrumpTariffs #TrumpCrypto #BearMarke #CEXvsDEX101 #TradingTypes101 $BTC
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scalping 🙂 It's better to have something than nothing. Did I say that correctly? #TradingTypes101 #PCEMarketWatch #BinanceAlphaAlert #PCEMarketWatch #BinanceAlphaAlert $OP
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