Learn how to spot a bullish opportunity!
Have you ever seen a chart that looks like a teacup? That might just be the Cup and Handle pattern — a strong bullish continuation signal!
🔍 What is it?
It looks like a rounded "U" (the cup) followed by a small downward drift (the handle). It shows the market took a breather before potentially breaking out higher.
📊 Why does it matter?
This pattern suggests accumulation, then a small shakeout, before buyers return in full force. Smart traders use it to spot breakout entries!
🛠️ How to trade it?
1. Identify the "U" shape.
2. Watch for the "handle" dip.
3. Enter when price breaks above the handle with volume.
4. Set stop-loss below the handle.
5. Target: Measure the cup’s depth and project it upwards.
✅ Pro Tip: Combine with RSI or MACD for confirmation.
🚀 Want more simple breakdowns like this? Follow and let’s trade smarter, not harder!
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