๐ฅ GOAL: Earn $180 Using 5-Minute Candlestick Patterns on Binance
โ STEP 1: Master the Patterns from the Image
Familiarize yourself with the 4 categories:
๐ Continuation Patterns:
Bullish Flag / Bearish Flag
Channel, Pennant, Ascending/Descending Triangle
โถ๏ธ Use during trends to ride the next wave.
โ๏ธ Neutral Patterns:
Symmetrical Triangle, Megaphone
Wait for breakout confirmation
โถ๏ธ Trade in breakout direction after volume spike.
๐ Reversal Patterns:
Head and Shoulders, Double Top/Bottom
Cup and Handle, Diamond
โถ๏ธ Ideal for spotting tops/bottoms โ enter early on breakout retests.
โญ Special Patterns:
Falling Wedge (bullish), Rising Wedge (bearish)
Gartley, Cypher (advanced harmonic setups)
โ STEP 2: Use 5-Minute Timeframe Wisely
These patterns also form on 5M charts during high volatility. Use them during:
Major sessions (e.g. London/New York overlap)
News releases (check Binance news tab)
Breakout retests for entry confirmation
โ STEP 3: Execute with a Strategy
Hereโs a simple scalping strategy:
Trade TypeSetup NeededEntry PointTP/SLBullish FlagAfter strong green candleBreak above flag + retestTP = 1.5x SLDouble BottomW-Shape with necklineBreak + retest of necklineSL under 2nd bottomRising WedgeWeak momentum on uptrendBreak below wedgeSL above last highCup and HandleSmooth U-shape, then pullbackBreak above handleTP = height of cup
โ STEP 4: Risk Management to Scale to $180
Start with $30โ$50 trades using 10xโ20x leverage
Target $10โ$20 profit per trade
Do 3โ5 successful trades/day using high-probability patterns
Set tight stop-loss and only trade clean setups
โ STEP 5: Tools That Help
Use Binance TradingView chart with:
Volume, EMA (9 & 21), RSI
Set alerts for breakouts
Mark support/resistance zones manually
Use Binanceโs Paper Trading account to practice risk-free first
๐ก Quick Example Trade (Cup & Handle on 5M):
Cup forms from $1.80 to $1.65
Handle pulls back to $1.72
Breakout entry: $1.82
Target: $1.95
Risk: $1.72 SL โ Reward: $0.13
With 20x leverage on $50 = ~$130 gain if fully hit
โ ๏ธ Important Reminders:
โ
Avoid FOMO
โ
Stick to patterns + confirmations
โ
Cut losses early
โ
Scale up with discipline