FIVE MINUTES CHART PATTERNS FOR BEGINNERS
How to make $50-$100 daily
Discover the power of 5-minute chart patterns to make consistent gains in the cryptocurrency market. Learn how to identify high-probability trading opportunities and make up to $100 daily with minimal risk.
1. BULLISH ENGULFING PATTERN:
- Buy when:
- Small bearish candle
- Followed by larger bullish candle
- Close above previous high
- Target: 5-10% profit
2. BEARISH ENGULFING PATTERN:
- Sell when:
- Small bullish candle
- Followed by larger bearish candle
- Close below previous low
- Target: 5-10% profit
3. Moving Average Crossover:
- Buy when:
- Short-term MA (5-10) crosses above long-term MA (20-50)
- Sell when:
- Short-term MA crosses below long-term
MA
- Target: 5-10% profit
4. Relative Strength Index (RSI) Divergence:
- Buy when:
- RSI < 30
- Price makes higher low
- Sell when:
- RSI > 70
- Price makes lower high
- Target: 5-10% profit
5. Support/Resistance Breakout:
- Buy when:
- Price breaks above resistance
- Sell when:
- Price breaks below support
- Target: 5-10% profit
ADDITIONAL TRADING STRATEGIES
1. Choose a cryptocurrency with high liquidity (e.g., BTC, ETH)
2. Set chart interval to 5 minutes
3. Identify pattern using indicators above
4. Set stop-loss: 2-5% below/below entry price
5. Set take-profit: 5-10% above/below entry price
6. Monitor and adjust positions as needed
7. Start with small positions (0.01-0.1 BTC)
8. Focus on 2-3 trades per day
9. Manage risk with stop-loss and take-profit
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