๐ Pullback or Trend Reversal? Learn to Spot It on Binance! ๐
Many traders panic during red candlesโฆ but smart traders look for pullbacks, not fear.
๐ How to Identify a Pullback (Not a Reversal):
โ Price stays above EMA 50 & EMA 200
โ RSI pulls back but holds above 40โ45
โ Volume decreases during the drop
โ Structure still shows higher highs & higher lows
โ ๏ธ Warning Signs of Reversal:
โ Break below EMA 200
โ RSI drops under 30 and stays weak
โ Strong selling volume on red candles
๐ก Pro Tip:
Pullbacks are often the best entry opportunities in an uptrend โ patience beats FOMO.
๐ Question for traders:
Do you buy during pullbacks or wait for confirmation?
๐ Comment your strategy!
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