Did you know that candlestick patterns reveal a lot about the upcoming market movement ⚠️🤔 Candlestick patterns are one of the most effective tools in technical analysis in the trading world, with origins dating back to the 18th century when Japanese rice traders used them to track price movements. Today, this method has become essential for traders around the world due to its accuracy in revealing market sentiments and signaling potential reversals. Each candlestick represents a specific time period (hour, day, week...) and displays four main elements: opening price, closing price, high, and low. When the body of the candle is green or white, it indicates a price increase, while red or black indicates a decrease. Among the well-known candlestick patterns are the **Hammer** which signals a bullish reversal, and the **Hanging Man** which warns of a potential drop. Additionally, patterns like the **Engulfing Candle** and **Morning Star** provide strong signals of trend changes. In summary, candlestick patterns are an indispensable tool for understanding the language of the market, but they require practice and experience to accurately interpret their signals. So, are you ready to master this art? 🚀 #Write2Earn
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Is INIT preparing for a crazy strong upward start or is it about to undergo a major correction? Continuous monitoring of indicators is essential for optimal decision-making. Explosive Performance The pair recorded a significant increase of +229.15% over a short period, indicating strong buying power and the potential for continued upward movement. The current price is at 0.6583 USDT, fluctuating between 0.1745 (potential support) and 0.7582 (strong resistance). Key Points 1. Critical Levels - Support: 0.2000 - 0.1745 (an area that may see strong buying). - Resistance: 0.7355 - 0.7582 (breaking this may open the door to a new upward wave). 2. Moving Averages - Data is currently unclear (MA(7), MA(25), MA(99) are not visible), but positive momentum is evident. 3. Trading Volume - "NANCE" shows trading levels at 0.5111 and 0.3989, which may indicate areas of interest from traders. Forecast - If the price breaks above 0.7582, the pair may experience a strong upward wave. - If the price drops below 0.2000, it may enter a deep correction phase. Proposed Strategy - For speculators: enter on a break above 0.7355 with a target of 0.7582 or higher. - For conservative traders: wait for confirmation of upward movement above 0.7582 or a price rebound from 0.2000. Warning Volatility is high, so the use of stop-loss orders and trading with caution is advised. Comment to get all the latest #Initia #Write2Earn
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"The trader entered a position in times of fear... and regretted it for a lifetime!" "Yusuf (a pseudonym) was following the market and saw the sharp decline, he decided to enter a short position with the highest possible leverage of 125X to catch the bottom! He told himself: This time I will be rich! But... suddenly the market rebounded! 📈 His account was wiped out in less than a minute 📉 He lost his money, lost his nerves, and tweeted: I don't understand how this market works!
The lesson? The market is not a casino, And leverage without a plan = a potential disaster!
Did he learn the lesson? Unfortunately, it was too late! And you? Are you still trying it yourself? Or are you learning from others' experiences? 👇 Share your opinion!