In the cryptocurrency market, using candlestick charts to determine entry timing is an important technical analysis tool. Here are some methods for judging entry timing based on candlestick charts:

1. Identify Trends

• Uptrend: If multiple bullish candles (green) appear consecutively in the candlestick chart, and each bullish candle's closing price is higher than the previous one, it indicates that the market is in an uptrend.

• Downtrend: If multiple bearish candles (red) appear consecutively, and each bearish candle's closing price is lower than the previous one, it indicates that the market is in a downtrend.

• Trend Reversal Signals: Certain specific candlestick patterns such as hammer, inverted hammer, morning star, engulfing pattern, etc., usually appear during trend reversals and can serve as entry signals.

2. Focus on Support and Resistance Levels

• Support Level: When the price falls to a certain range and repeatedly bounces back, that range is the support level. If the price approaches the support level and a bullish candlestick pattern (such as a hammer) appears, consider entering a long position.

• Resistance Level: When the price rises to a certain range and repeatedly falls back, that range is the resistance level. If the price approaches the resistance level and a bearish candlestick pattern (such as a hanging man) appears, consider entering a short position.

3. Volume-Price Coordination

• Volume-Price Coordination in an Uptrend: If the price rises while the trading volume increases simultaneously, it indicates strong buying power in the market, at this point, consider entering a long position.

• Volume-Price Coordination in a Downtrend: If the price falls while the trading volume increases, it indicates strong selling power in the market, at this point, consider entering a short position.

4. Special Candlestick Patterns

• Hammer: Appears at the bottom of a downtrend, with a long lower shadow that is at least twice the body, indicating the market may reverse upward, signaling a long entry.

• Inverted Hammer: The shape is similar to a hammer, but the shadow is on top, indicating the market may reverse upward, suitable for entering a long position.

• Three White Soldiers: Composed of three consecutive bullish candles, each closing price is higher than the previous candle's high, indicating a strong upward market, suitable for entering a long position.

• Bullish Engulfing: A long bearish candle is followed by a shorter bullish candle, and the bullish candle is completely within the body of the bearish candle, indicating the downtrend may end, suitable for entering a long position.

5. Combine Technical Indicators

• Moving Average Cross: When the short-term moving average (such as the 5-day MA) crosses above the long-term moving average (such as the 10-day MA), a golden cross forms, indicating the market may enter an uptrend, signaling a long entry.

• MACD Indicator: When the short-term MACD line crosses above the long-term MACD line, a golden cross forms, indicating an enhanced bullish trend, suitable for entering a long position.

6. Risk Management

• Set Stop Loss: When entering a position, it is advisable to set a stop loss to control risk. The stop loss can be set beyond key support or resistance levels. Chen Xi only trades in the real market, and the team still has positions to enter quickly.