Basic Price Action Every Trader Should Know 📊Understanding simple price action can save you from many bad trades. Here’s a clear breakdown of the most important patterns:1️⃣ Rally-Base-Drop → Price goes up, consolidates, then drops. Shows sellers taking control (Supply zone).2️⃣ Drop-Base-Rally → Price falls, consolidates, then rises. Shows buyers stepping in (Demand zone).3️⃣ Drop-OB-Drop → Strong drop, Order Block forms, then another drop. Bearish continuation.4️⃣ Bearish Gap → Price gaps down and continues lower. Strong selling pressure.5️⃣ Structure Retest → Price breaks structure and comes back to retest it. Great entry opportunity.6️⃣ Bullish Gap → Price gaps up and continues higher. Strong buying momentum.7️⃣ Drop-Base-Drop → Continuous selling pressure with a small base in between.8️⃣ Rally-Base-Rally → Strong buying with a small pause, then continuation upward.9️⃣ Rally-OB-Rally → Rally, Order Block forms, then another rally. Bullish continuation.Key takeaway:
Always look for Supply, Demand, and Order Blocks (OB). These zones often decide the next big move.Which of these patterns do you use the most while trading $BTC, $ETH or $BNB?Drop your thoughts below 👇
$BTC $SOL $BNB #BitcoinFundingRateTriplesTo10%
Always look for Supply, Demand, and Order Blocks (OB). These zones often decide the next big move.Which of these patterns do you use the most while trading $BTC, $ETH or $BNB?Drop your thoughts below 👇
$BTC $SOL $BNB #BitcoinFundingRateTriplesTo10%
