๐จ Master These 6 Chart Patterns & Avoid Big Losses in Crypto!
Learning candlestick patterns can seriously level up your trading game. ๐๐ฅ
๐ Key Patterns to Learn:
1๏ธโฃ Falling Wedge โ A bullish reversal pattern that breaks upward after a narrowing downtrend.
2๏ธโฃ Symmetrical Triangle โ A breakout pattern formed by converging highs and lows, signaling a strong move.
3๏ธโฃ Inverse Head & Shoulders โ A bullish reversal setup after a downtrend, with three dips and a breakout above the neckline.
4๏ธโฃ Cup & Handle โ A bullish continuation pattern shaped like a cup followed by a small pullback (the handle).
5๏ธโฃ Ascending Triangle โ A bullish setup with rising lows and flat resistance, often leading to an upward breakout.
6๏ธโฃ Bullish Rectangle โ A consolidation pattern where price moves sideways before breaking upward.
โ Entry on breakout
๐ Always set a stop-loss
๐ฏ Target = pattern size added to breakout
๐ก Bonus Tips:
โข Wait for volume confirmation
โข Use RSI/MACD for extra signals
โข Stick to your risk management
๐ผ๏ธ Chart image below ๐
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