๐ STEP-BY-STEP STRATEGY USING 5-MIN CANDLESTICK PATTERNS:
๐ 1. Identify Key Candlestick Patterns
Use the chart you shared to spot high-probability bullish and bearish reversal or continuation patterns. Focus on:
Bullish: Hammer, Bullish Engulfing, Morning Star
Bearish: Shooting Star, Bearish Engulfing, Evening Star
Neutral: Doji (for indecision or trend reversal signals)
โฑ 2. Timeframe: 5-Minute Chart
This strategy works best on volatile coins with volume. Check:
$BTCUSDT
$ETHUSDT
$SOLUSDT
New listings / trending coins
๐ฐ 3. Set Trade Triggers Based on Confirmation
Example:
If you see a Bullish Engulfing after a downtrend โค Enter Long
If you see a Shooting Star after an uptrend โค Enter Short
๐ Confirmation: Wait for the next candle to close in the same direction.
๐ SIMPLE TRADE SETUP FOR $50โ$500 DAILY:
Capital: $500 โ $2000
Leverage: 5xโ10x
Risk per Trade: 1% โ 3%
Target: 1.5x โ 3x reward/risk
โ Example Trade:
Pattern: Morning Star on 5min chart
Entry: After breakout above middle candle high
SL: Below pattern low
TP1 & TP2: 1.5x and 3x of SL distance
You can do 3 to 5 trades/day, only on confirmed setups โ thatโs how pros build consistency.
๐ง EXTRA TIPS FOR SUCCESS:
Use volume + RSI or EMA crossover for added confluence
Never trade during sideways/no volume periods
Avoid overtrading โ only trade quality patterns
Log every trade for improvement
Stick to one or two coins for mastery
๐ธ REALISTIC DAILY EARNINGS BREAKDOWN:
CapitalRisk Per TradeTargetPotential Daily Profit$500$15 (3%)$30โ50$50โ100$1,000$30 (3%)$60โ90$100โ200$2,000$60 (3%)$100โ200$200โ500
