Three Black Crows Pattern: Big Risk, Big Reward**
The Three Black Crows pattern typically signals a bearish trend, but there are exceptions where selling pressure decreases. It's essential to plan your trades wisely and always use stop-loss (SL) orders. Here are some observations and strategies:
1. $BAKE: I bought Bake as the last candle closed green, indicating a possible reversal and the end of selling pressure.
2. Pendle and $FTM: Both have followed the Three Black Crows pattern. I will keep these on my radar, but I will stay away for now. Once they start trending upwards, I will consider taking an entry.
Note: Although Pendle and Ftm are currently in a short-term downtrend with constant selling pressure, I plan to snipe them as soon as they show signs of reversal. Let's see how this plays out.
Always do your research before buying. Follow for more pattern detection alerts.
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