$COMP $XVG $CRV
This chart explains four bearish entry setups for trading, commonly used in technical analysis to anticipate downward price movement. Here’s a breakdown of each setup:
1. Hammer Entry
Description: A bearish hammer candlestick forms in a key order block (OB) zone, signaling potential reversal.
How to Trade:
Wait for a bearish confirmation candle after the hammer.
Enter short once confirmation occurs.
Target lower lows or key support levels.
2. Liquidity Wicks
Description: Price sweeps liquidity (visible as wicks) above a resistance or order block before reversing.
How to Trade:
Identify a significant wick rejecting resistance or OB.
Confirm the bearish move with a strong red candle.
Enter short and target a drop towards the next support.
3. Pin Bar Entry
Description: A bearish pin bar forms within the OB zone, rejecting higher prices.
How to Trade:
Wait for a bearish candle after the pin bar for confirmation.
Enter short and aim for lower lows.
4. Tweezer Top Entry
Description: Two candles form with nearly equal highs (tweezer top) in an OB, signaling rejection and reversal.
How to Trade:
Look for the second bearish candle as confirmation.
Enter short and target the drop towards new lows.
Key Points:
OB (Order Block): Indicates a key price area where institutions might place trades.
Confirmation: Always wait for a bearish candle to confirm the reversal before entering.
Target: Lower lows or support levels.
Use stop-loss: Protect against false signals by placing a stop above the OB or wick.#BNBHitsATH #CryptoZombieUprising #Share1BNBDaily #MicrosoftBTCInvestmentVote #ETHOnTheRise