Crypto Educational Post đ„
Understanding key price action patterns can significantly enhance your trading skills. Here's a look at some important patterns:
1. Up-Trend:
- Characterized by higher highs (HH) and higher lows (HL), indicating a strong upward momentum.
2. Demand Zone:
- An area where buying interest is strong enough to push the price higher, often leading to a bullish move.
3. Double Bottom:
- A bullish reversal pattern that forms after a downtrend, indicating potential upward movement.
4. Supply Zone:
- An area where selling interest is strong, often leading to a bearish move as the price drops.
5. Reversal:
- Marked by a shift in trend direction, such as lower highs (LH) and lower lows (LL), signaling a potential trend change.
Recognizing these patterns can help you make informed trading decisions. Keep practicing and refining your skills!
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