Today I’m breaking down the “Doji” pattern — a candle where the opening and closing prices are nearly the same. Such a candle shows market uncertainty and often warns of a possible trend reversal.
I’m also reviewing the “Engulfing” pattern: when the second candle completely covers the first, it can become a strong signal that the price will continue moving in the direction of the second candle.
Trading isn’t guessing — it’s understanding how price behaves. Step by step, I study the charts and sharpen my analysis skills. 📈🔥
I’ve indicated the ranges in which I expect to see the price delivered. We haven’t reached those levels just yet, but in my opinion it’s only a matter of time. We just need to wait a bit.
I’ve already set take-profits for all positions within the specified ranges.
#FET/USDT is trading at 0.1435 on the 8h after bouncing off the lower boundary of the descending channel from the May highs near 0.2200, with price recovering off the 0.1370 lows and pushing back toward the mid-range of the channel.
Bull case: hold above 0.1400 and reclaim 0.1490 to build a real recovery, opening a push toward 0.1550 and a shot at breaking the channel. Bear case: lose 0.1400 and roll back toward the lows, exposing 0.1370 and a deeper flush toward 0.1344.
BCH is trading at 219.1 on the 6h after a sharp push higher that finally broke through the descending trendline from the July highs near 256.0, with price reclaiming the 217.0 area and flipping momentum back in favor of the bulls.
Bull case: hold above 217.0 and reclaim 225.0 to confirm the breakout, opening a push toward 234.0 and a bigger move higher. Bear case: reject here and roll back below 213.0, exposing 209.0 and a deeper flush toward 205.0.
Are you trusting this breakout, or waiting for the retest to confirm before jumping in? ➖➖➖➖➖➖➖ Bitcoin Bullets® Trading
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IMPORTANT: We take a maximum of 10 leverage, and we enter the trade with a risk management lower than usual; if we usually enter at 0.3-0.5%, here we enter at 0.2%
It's hard to call it a luring opportunity, of course, but if they give us an addition, the profit will be juicy.