Step 1: Master the key patterns (entry triggers)
Focus on the most reliable candlestick patterns for 5-minute trades:
Bullish Engulfing / Bearish Engulfing → Strong trend reversals.
Hammer / Inverted Hammer → Bullish reversal after a downtrend.
Shooting Star / Hanging Man → Bearish reversal after an uptrend.
Morning Star / Evening Star → Reliable setup for continuation or reversal.
Three White Soldiers / Three Black Crows → Strong momentum continuation.
👉 Only trade when volume and trend direction are confirmed.
📌 Step 2: Combine patterns with trend confirmation
Use EMA (50 and 200) → Trade in the direction of the trend.
Use support and resistance zones to filter out false signals.
Confirm signals using RSI (oversold/overbought levels) for additional accuracy.
Example:
Bullish engulfing near support + RSI in oversold + EMA trend upward = High probability to buy.
Shooting Star near resistance + RSI in overbought area + EMA trend downward = High probability to sell.
📌 Step 3: Risk management and position sizing
To earn between $40 to $400 daily, control your position size:
Account size $500 → Target 1-3% per trade = $15-$45 daily.
Account size $2000 → Target 2-5% per trade = $40-$100 daily.
Account size $5000+ → Target 2-5% per trade = $100-$400 daily.
Never risk more than 2% of your capital on a single trade.
📌 Step 4: Only trade during high liquidity times
The best trades that take 5 minutes occur during the overlap of London and New York or during cryptocurrency volatility events.
Avoid low volume times where patterns may fail.
📌 Step 5: Practice and journaling
Backtest patterns on Binance 5-minute charts.
Keep a trading journal for each trading style.
Refine the strategy - Focus on 2-3 of the most profitable patterns
For you.
💡 Example of trading on a 5-minute chart:
Note the bullish engulfing at the key support level on the $BTC/USDT pair.
Enter the trade with a risk ratio of 0.5% to 1%.
The goal is to move by 1.5-3% (quick profit).
Repeat this on 2-3 pairs with high daily volume.
👉 With practice, you can easily target $40 to $400 a day.
#BNBATH #DELABSBinanceTGE #AmericaAIActionPlan
These three candlestick patterns for 5 minutes