FROM BEARISH PRESSURE TO BULLISH MOMENTUM: THE POWER OF PRICE ACTION
The market doesn't always give you a perfect entry. Sometimes, you just need to understand what the candles are telling you.
Looking at the TUTUSDT 1H chart, there are three important signals worth watching:
1. Morning Star – An early indication that selling pressure may be weakening.
2. Bullish Engulfing – Buyers stepped in and showed strong bullish momentum.
3. EMA 20/50/100/200 – Used to evaluate trend direction and dynamic support and resistance.
My Trading Plan:
- Entry: 0.01720
- Take Profit: 0.01796
- Stop Loss: Around 0.01648
The idea is simple: wait for confirmation, identify a logical entry, and always define your risk before entering a trade.
Remember: A strong trader doesn't chase every green candle. A strong trader waits for a setup with a clear trading plan.
Trade the setup, not the emotion.
#TUTUSDT #PriceAction #CandlestickPatterns #EMA #Binance #CryptoTrading #tradingStrategy $TUT
The market doesn't always give you a perfect entry. Sometimes, you just need to understand what the candles are telling you.
Looking at the TUTUSDT 1H chart, there are three important signals worth watching:
1. Morning Star – An early indication that selling pressure may be weakening.
2. Bullish Engulfing – Buyers stepped in and showed strong bullish momentum.
3. EMA 20/50/100/200 – Used to evaluate trend direction and dynamic support and resistance.
My Trading Plan:
- Entry: 0.01720
- Take Profit: 0.01796
- Stop Loss: Around 0.01648
The idea is simple: wait for confirmation, identify a logical entry, and always define your risk before entering a trade.
Remember: A strong trader doesn't chase every green candle. A strong trader waits for a setup with a clear trading plan.
Trade the setup, not the emotion.
#TUTUSDT #PriceAction #CandlestickPatterns #EMA #Binance #CryptoTrading #tradingStrategy $TUT
