Making $70 in 3 days might seem like a daunting task, but with the right strategies, it's entirely achievable—even for beginners. My journey started on Binance, the world's leading crypto exchange, and I relied on proven candlestick patterns to make calculated moves. Let me guide you through my experience and show you how you can replicate these results.
Why Candlestick Patterns? 🕯️
Candlestick patterns are like the language of the market. They provide visual cues about market sentiment, helping traders identify reversals, continuations, and opportunities to maximize profits. For this journey, I relied on three key patterns:
1. Bullish Engulfing – Perfect for spotting reversals in downtrends.
2. Evening Star – A strong indicator of bearish momentum.
3. Hammer – Ideal for pinpointing support levels and bounce opportunities.
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My Step-by-Step Strategy
1️⃣ Set the Stage with Research
I started by analyzing the 5-minute and 15-minute charts on Binance. These timeframes allowed me to spot quick opportunities while staying adaptable. I used tools like RSI and Bollinger Bands to confirm overbought or oversold conditions.
2️⃣ Spotting the Patterns
On Day 1, I noticed a Bullish Engulfing pattern on a low-cap token paired with USDT. This signaled a potential reversal.
I entered at the breakout level, setting a tight stop-loss just below the pattern.
3️⃣ Taking Action
On Day 2, I found a Hammer near a key support zone for another token. After confirmation, I entered a long position and held overnight.
On Day 3, I acted on an Evening Star, signaling bearish momentum. I shorted the token with confidence.
4️⃣ Risk Management: My Golden Rule
I risked only 5% of my capital per trade.
Each trade had a clear risk-reward ratio of 1:3, ensuring potential rewards outweighed the risks.
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Results: $70 in 3 Days! 💸
Here’s how my profits added up:
Day 1: A 12% gain on my initial position from the Bullish Engulfing trade.
Day 2: A 22% gain thanks to the bounce from the Hammer pattern.
Day 3: A 36% gain from shorting after the Evening Star appeared.
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Key Takeaways for You
Patience Pays: Wait for confirmation before entering trades.
Use Stop-Losses: Protect your capital at all costs.
Stick to High-Quality Setups: Don’t trade every pattern you see—focus on the reliable ones.
Learn Continuously: Combine candlestick knowledge with indicators like MACD, RSI, or volume to refine your entries.
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Why Binance Is Perfect for This Strategy
Binance's user-friendly interface and powerful tools make it the ideal platform for pattern-based trading:
Advanced Charting Tools: Perfect for identifying candlestick patterns.
Low Fees: Save more while trading actively.
Variety of Pairs: Explore endless trading opportunities across different tokens.
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Your Turn to Profit from Patterns!
Earning $70 in 3 days was just the start of my trading journey. By understanding and applying candlestick patterns on Binance, you can unlock a new level of trading success.
Start today, stay disciplined, and let the charts guide your profits!
What’s your favorite candlestick pattern? Share in the comments below!
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