🚀🚀"From Red to Green: How a Candle Pattern Changed My Course in MUBARAKUSDT"🛑🛑
Today I experienced a key lesson in MUBARAKUSDT Perpetual.
After opening a short position, the price began to show unexpected bullish strength. I detected a potential reversal and decided to close with a controlled loss of -0.80%.
Just then, a key candle pattern formed: a bullish engulfing accompanied by a strong volume spike and a breakout of micro-resistance. That was my trigger.
I opened a long position and exited with a 2% profit in the next bullish expansion.
Lessons of the day:
Price speaks, and candle patterns tell the story.
Knowing when to exit a wrong trade is as valuable as entering a good one.
In low time frames, every candle matters... a lot!
Do you also trade candle patterns in scalping? I’d love to hear from you!
I got caught... but I ended up winning 2% (thankfully)
Today what happened to me is what happens to many: I saw an explosive 5-minute candle in SFP, Open Interest rising strongly, and I didn't hesitate... I went long convinced that a real breakout was coming.
Everything seemed aligned: momentum, volume, rising OI. But I made a key mistake: I didn't check the market pulse.
What is that? It's a tool that reveals if the buys and sells are really backed up, or if the movement is just smoke.
While the price was rising, the market pulse in derivatives was falling, and in the spot market, it was beating strongly. Translated: there was aggressive selling in futures, while buyers in spot were holding the price. A classic recipe for a liquidity trap.
Minutes later, the candle deflated. I got trapped.
I didn't enter with high leverage, so I averaged the position with a cool head, waited for the bounce… and came out with a +2% profit. But that wasn’t a victory, it was well-managed luck.
Lesson of the day: Always check the market pulse before trading. The price can lie. The pulse cannot.