First: Important Realities
You need capital – most traders need $5,000–$20,000+ to aim for $500 daily (2–5% gains).
Risk management is everything – without stop-loss and position sizing, you will likely lose more than you gain.
Win rate must be high – and losses must be small.
No strategy works 100% – it's about probabilities, not guarantees.
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✅ Top 5-Minute Candlestick Patterns to Watch
1. Bullish Engulfing / Bearish Engulfing
Signal: Reversal.
Use: Enter after confirmation with volume.
Trade idea: Combine with support/resistance zones.
2. Hammer / Inverted Hammer (at support)
Signal: Reversal after a downtrend.
Setup: Long entry after bullish confirmation.
Stop-loss: Below wick.
3. Doji at Key Levels
Signal: Market indecision → likely reversal or breakout.
Strategy: Wait for breakout candle in the direction of trend.
4. Morning Star / Evening Star
3-candle pattern.
Powerful at support/resistance.
Combine with RSI or volume divergence.
5. Breakout with Retest (Box Range or Triangle)
Setup: Price breaks a defined range.
Trade: Enter on retest of breakout level.
5-min chart helps get early entry.
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🧠 Strategy Example (5-Min Pattern Strategy)
🔹 Requirements:
Timeframe: 5-min chart
Pairs: BTC/USDT, ETH/USDT, SOL/USDT (high volume)
Indicators: 9 EMA, RSI (14), Volume
🔹 Entry:
Look for bullish engulfing near 9 EMA with RSI > 50 and rising volume.
Confirmation candle must close above the pattern high.
🔹 Exit:
Target: 1.5x to 2x risk (risk-reward 1:2)
Stop-loss: Below pattern low
🔹 Capital Example:
Capital: $5,000
Risk per trade: 2% ($100)
Target per trade: $200
3 successful trades a day = $600
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📌 Tips to Increase Win Rate
1. Trade only when volume is high (London/NY sessions)
2. Avoid trading in chop zones (tight sideways ranges)
3. Journal your trades daily
4. Never overtrade – 2–3 setups a day max
5. Use alerts on key patterns
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⚠️ Warning: Scams & Unrealistic Promises
If someone says:
> "Just use this secret trick and earn $500/day guaranteed..."
It's likely a scam. Real trading takes skill, patience, and losses are part of the game.
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If you want, I can:
Give you a PDF
cheat sheet of candlestick patterns
Share a step-by-step strategy
Create a practice plan for Binance Futures / Spot
Just let me know!