๐จ { FORMULA } Next Candle: Buy or Sell? Discover the Formula Traders Swear By! ๐๐
Ever stared at the chart thinking, โWhat will the next candle do?โ Youโre not alone โ itโs the million-dollar question. But what if there was a formula to tilt the odds in your favor? ๐
Hereโs a simplified strategy that helps decode the next candle's direction โ especially useful for scalpers and intraday traders on Binance!
๐ The Formula: Reaction + Level + Confirmation = Action
Price Reaction
1. Did the candle touch a key level (MA, pivot, support/resistance)?
2. Was it rejected or did it break through?
** Strong Levels **
Mark 200 EMA, previous day high/low, or round numbers (000s).
These are hotspots where reversals or continuations happen.
** Candle Confirmation **
Bullish: Hammer, Engulfing, Morning Star
Bearish: Shooting Star, Evening Star, Engulfing
๐ Next Candle Clues:
Rejection + Bearish Pattern at Resistance = ๐ปSell
Bounce + Bullish Pattern at Support = ๐บBuy
๐ก Pro Tips for Better Accuracy:
Use 5-min or 15-min timeframes for faster results
Combine this with RSI or Volume Spikes for confirmation
Avoid entries during major news releases (check Binance news tab)
๐ฅ Trending Coins to Test This On:
#BTC #ETH #SOL #BNB #DOGE
โYour Turn:
Have you ever tried predicting the next candle with a formula? Share your experience or test this on Binance and tell us what happens! ๐ฌ๐
๐ฐ Writing for Crytto prediction?
Drop your analysis using this formula and tag your favorite coins to earn more!