Hey everyone. Happy trading. Just a tip for beginner traders, don't use high leverage, as much as it will give you high profit, it will give you high loss. Good luck guys
I know and see a lot of people on here who are just trying to make a living and you keep getting scammed.
Trust me I'm one of them, I've been scammed few times now, I finally decided I'm not going to keep searching for someone's guidance. Instead, I am guiding myself.
Start small, and easy, close some small profits every couple of days, and accept that loss is a part of trading. You may lose 3 days and win 1 day, or vice versa. It's all part of trading, so dont lose hope.
The chart showcases four important candlestick patterns that traders use to spot trend reversals and confirm market movements. Let’s break them down: #candlestick #EarnFreeCrypto2024
1️⃣ Hammer Candle 🔨 (BUY Signal)
✅ Pattern: A small body with a long lower wick and little or no upper wick. ✅ Meaning: Indicates bullish reversal after a downtrend. Sellers tried to push the price down, but buyers fought back, closing near the high. 📌 Trading Tip: Buy after confirmation (next candle closing higher).
2️⃣ Shooting Star 🌠 (SELL Signal)
❌ Pattern: A small body with a long upper wick and little or no lower wick. ❌ Meaning: Signals a bearish reversal after an uptrend. Buyers attempted to push prices higher, but sellers took control, pushing it back down. 📌 Trading Tip: Sell after confirmation (next candle closing lower).
3️⃣ Bullish Engulfing 🐂📈 (BUY Signal)
✅ Pattern: A large green candle fully engulfs the previous red candle. ✅ Meaning: Strong bullish reversal showing that buyers are taking over. Often occurs after a downtrend and signals a potential price surge. 📌 Trading Tip: Enter a buy trade after the engulfing candle closes.
4️⃣ Bearish Engulfing 🐻📉 (SELL Signal)
❌ Pattern: A large red candle fully engulfs the previous green candle. ❌ Meaning: Strong bearish reversal indicating sellers are overpowering buyers. Usually appears at the top of an uptrend before a price drop. 📌 Trading Tip: Sell after the engulfing candle confirms a downtrend.
🔍 Summary
BUY Signals: ✅ Hammer Candle, Bullish Engulfing
SELL Signals: ❌ Shooting Star, Bearish Engulfing
Confirmation is Key! Always wait for the next candle to confirm the trend before entering a trade.
By understanding these patterns, traders can predict price movements and make better trading decisions! 🚀📊
Hey everyone! I'm trying to collect some fellow traders to create a real group and share signals and tips! Like or reply to this post and lets see if we can do it #Binancians #TokenReserve