"Surefire Way to Profit Daily from Technical Analysis on Daily Timeframe 🔍💹"
🚀 Want consistent profit? Let's take a peek at the technical analysis strategy that you can use on the following chart $PEPE :
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🎯 1. Identify Chart Patterns
Look at the candlestick pattern! You can look for:
Double Top/Bottom: Reversal signal.
Head and Shoulders: Usually an uptrend turns down.
Triangle Patterns: Indication of a breakout!
👉 On this chart, we see selling pressure starting to increase (dominant red candlesticks). Be careful, bearish potential still exists!
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📈 2. Predict the Next Candlestick Pattern
Big red candlestick? That's a strong bearish sign.
If a long lower wick appears, there may be a chance of a reversal (bullish).
But if the red candlestick remains dominant, get ready for a support breakdown.
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🛠️ 3. Support & Resistance
Strong support: 0.00001788. If it breaks through, get ready to monitor the level of 0.00001441.
Main resistance: 0.00002044. If it breaks out, the next target is at 0.00002303.
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⚡ 4. Fast Scalping Strategy
Buy zone: Wait for the price to approach support 0.00001788.
Sell zone: Take profit at resistance 0.00001950.
Stop-loss: Don't forget to set it below 0.00001750.
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📊 5. Supporting Indicators
RSI: If RSI <span the price is oversold → buy signal!
MACD: Look at the MACD line, if it starts to rise and approaches the Signal line, it's a bullish reversal signal.
Tips
Use EMA (8, 20, 50) to see the trend:
If EMA 8 < EMA 20 < EMA 50, the trend is still bearish.
But once the EMA starts to cross upwards, get ready for bullish momentum!
Conclusion:
Scalping plan: Buy at support, sell at resistance, monitor indicators, and discipline stop-loss!
Get ready for a breakout action if the resistance at 0.00002044 is broken.
Cuan is a strategy, not luck! Don't forget to DYOR. 😉 💰
