Candlestick patterns are not magic, but combined with discipline and risk management, they can turn even $6 into $36 in a single trading session. Here are 5 of the most powerful setups that traders use daily 👇
1️⃣ Bullish engulfing 🟢
When: After a downtrend.
Entry: Break above the engulfing candle's high.
Stop-loss: Below the candle's low.
Target: 1.5–2x risk.
2️⃣ Hammer 🔨
When: Market fatigue from selling.
Entry: Break above the hammer's high.
Stop-loss: Below its low.
Target: Nearest resistance.
3️⃣ Shooting star 🌠
When: After an uptrend.
Entry: Short on a breakout below the star's low.
Stop-loss: Above the shadow.
Target: Next strong support.
4️⃣ Doji + Breakout ✨
When: Indecision followed by a breakout.
Entry: Trade in the direction of the breakout.
Stop-loss: Outside the Doji range.
Target: Fibonacci or previous swing.
5️⃣ Morning star 🌅
When: Bullish reversal from 3 candles.
Entry: After bullish closing of the 3rd candle.
Stop-loss: Below the pattern's low.
Target: Previous resistance.
💡 Useful tips
Use leverage of 3–5x to enhance returns (with strict risk management).
Risk a maximum of 5–10% per trade.
Confirm with volume + market structure before entry.
📌 With patience and consistency, these patterns can turn a small capital into serious daily profits.
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