ENA
1. RSI is above 30
2. Price touches the previous support
Entry Strategy:
1. Wait for a green candle to form and close above the previous support level.
2. The green candle should have a higher low than the previous candle.
3. Entry trigger: Buy when the next candle opens after the green candle (Entry Candle).
4. Stop-loss: Set below the previous support level or the low of the Entry Candle.
5. Target: Set at a reasonable level, such as the next resistance or a 1:1 risk-reward ratio.
Candle Pattern to Look For:
1. Hammer or Inverse Hammer (reversal candle)
2. Bullish Engulfing
3. Piercing Line (reversal candle)
Note: These candle patterns are not a guarantee of a successful trade, but they can increase the probability of a trend reversal.
Remember to always manage your risk and adjust your strategy according to market conditions.