Brief tips on tokens likely to increase sharply

1. Conditions suggesting entry for Long position (4H timeframe)

A. RSI

-RSI(14) is in the 40–50 range and shows signs of turning up.

- Or RSI crosses above the 50 mark after a period of accumulation.

B. Bollinger Bands

- Price touches or breaks through the lower band => then forms a strong green candle again.

- Price returns to the middle of the Bollinger Band (MA20) after a drop and bounces up => slight breakout.

C. Candlestick Pattern

- Bullish reversal patterns: long lower shadow pinbar, bullish engulfing, morning star,...

- The most recent bullish candle has a body larger than 1.5 times the body of the previous bearish candle.

D. % Change Candle

- The most recent 4H candle has increased by > 4% and volume is higher than the average of the previous 5 candles.

E. Volume

- Sudden increase in volume on the most recent bullish candle (1.5–3 times the average volume of the previous 5 candles).

- Volume increases but the price is sideways => can be a sign of absorption before a pump.

*** Method based on tokens that have strong volatility and backtesting ***
#Binance #LONG✅ #trading