โ Strong bullish candlestick (Bullish Engulfing or Hammer) โ Candlestick closes above the high of the previous candle โ Volume higher than the previous candle โ Price at a recent support zone (draw it yourself) โ Long lower wick (sign of rejection for downside)
Sell Entry Conditions
โ Strong bearish candlestick (Bearish Engulfing or Shooting Star) โ Candlestick closes below the low of the previous candle โ Volume higher than the previous candle โ Price at a recent resistance zone โ Long upper wick (sign of rejection for upside)
And always back to square one? In tradingโฆ The real loss isn't in the trade But in the lack of consistency.
But when you stick to one strategy, You start to understand the market correctly โฆ And to achieve what you aspire to, Keep consistency in front of you because it's your winning card And it's what's going to bring you profit ๐ฅ.
๐ฏ How to execute: 1. Identify strong support (3+ touches) 2. Wait for bullish engulfing candle 3. Enter with 50% position size 4. Stop loss: 2% below support 5. Target: nearest resistance
Pro tip: Use Binance Convert for instant zero-fee swaps between USDT and ETH.
Today Iโm gonna share a simple trading strategy I used on Binance Spot that yielded good results:
๐ Strategy: Trading the rebound from strong support ๐น Pair: ETH/USDT ๐น Timeframe: 4 hours ๐น Expected profit margin: 15-30%
๐ How to apply it: 1. Identify a strong support zone (3 previous touches) 2. Wait for a bullish candlestick (Bullish Engulfing) 3. Enter with 50% of your capital 4. Stop loss: 2% below support 5. Target: nearest resistance
๐ก Tip: Use the Convert feature on Binance for quick swaps between USDT and ETH without hassle.
โ ๏ธ Disclaimer: This is not financial advice, just sharing my experience. Everyone is responsible for their own decisions.
Have you tried this strategy? Share your results with me ๐ And hopefully, Iโll drop more useful stuff and strategies in the coming days. Good luck to all!