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TOMORROW is a bullish day 12 Jun

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🔨🗼How to Read the Most Popular Crypto Candlestick Pattern🚀⏰

📈Candlestick patterns are a popular

📉 technical analysis tool used by traders to identify potential buy and sell signals in any market, including cryptocurrencies.

Here's a breakdown of how to read some of the most popular ones:

🍇Understanding Candlesticks

Before diving into patterns, remember the basics of a candlestick:

Body: Represents the difference between the open and closing price. Green (or white) indicates a price increase, red (or black) indicates a decrease.

Wicks/Shadows:
Represent the highest and lowest prices reached during the period. Longer wicks suggest larger price swings.

🔔Popular Patterns:🔔

🎁Bullish Engulfing: 📈
Large green candle completely engulfs the previous red candle's body and wicks, suggesting a potential trend reversal upwards.

🏟Hammer/Inverted Hammer: 🔨
Small body with a long lower wick compared to the upper wick. Occurs during a downtrend and might signal a potential reversal.

Doji:
Small body with wicks roughly equal in length, appearing as a cross or plus sign. Indicates indecision and potential change in direction.

Pin Bar:🗝
Small body with a very long wick on one side, suggesting rejection at that price level. Can signal potential trend continuation or reversal.

Rising/Falling Three Methods: 📉
Three consecutive candlesticks with small bodies followed by a large candle in the opposite direction (up for rising, down for falling). Suggests continuation of the established trend.

Remember:
Candlestick patterns alone are not foolproof: Consider them alongside other technical indicators and fundamental analysis for informed decisions.
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🛑Earning $100 Daily through Binance Copy Trading:

🔥A Step-by-Step Guide

🪽Discover how to engage in copy trading on Binance effectively, ensuring profitability while minimizing risks, especially if you're new to trading.

🚀For beginners finding trading challenging, consider adopting the strategies of seasoned traders.

🦅Let's delve into the realm of copy trading!

Understanding the Concept of Copy Trading

Copy trading entails mirroring the trades executed by proficient traders on a daily, weekly, or monthly basis, providing a pathway for those lacking the expertise to trade independently.

🛑By replicating the trades of seasoned traders, you can share in their profits or losses.

🛑The key to successful copy trading lies in identifying skilled traders to emulate, as their success directly impacts yours.

🔥Analyzing Returns and Selecting Traders
Return on Investment (ROI) is pivotal in discerning profitable traders in the realm of copy trading.

🚀Assess a trader's ROI across various periods, such as daily, weekly, and monthly.

For instance, if a trader boasts a weekly ROI of 6516%, you can potentially earn a portion of this return weekly by replicating their trades.

Traders providing copy trading services typically charge a percentage fee on each duplicated trade.

🎊To initiate copy trading on Binance, start by conducting fundamental analysis to evaluate the historical ROI of traders offering copy services.

🚨Access this information through Binance's "Trader Wagon" platform under the "Leaderboard" section. Seek out traders consistently demonstrating positive ROIs.

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🚀Make your first $100 in Simple Way

To make $100 in crypto, you can consider these simple steps

1. Buy and Hold: Invest in a stable cryptocurrency and hold it for potential price appreciation.

2. Trade Cryptocurrency: Engage in short-term trading on platforms like Coinbase or Binance, buying low and selling high to make a profit.

3. Staking: Some cryptocurrencies offer staking rewards for holding them in a wallet. Explore staking options for potential passive income.

4. Freelancing in Crypto: Offer services or products and accept payment in cryptocurrencies.

5. Participate in Airdrops: Join blockchain projects that distribute free tokens through airdrops, which can be sold for profit.

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#Write2Earn #TrendingTopic THE NEXT BULL RUN
Beginner mistakes which everyone does and feels bad later.
I had invested 40,000 in $SHIB and the prices went to ₹2,18,000 in the last bull run and instead of taking profits I invested more $5,500 USD by going for loan and then the prices went 👎👇👎 down.
Two mistakes which I have done
1. Investing more at a time when prices are high,
2. Not taking my initial profits.
Realize Gains:
Avoid being in the situation where you could have achieved significant wealth if only you had sold when the price was high.
For instance, if you invested $700 in a stock and its value rose to $7000, those gains remain unrealized until you decide to sell the stock and convert the profits into cash.
Additionally, it's important to consider setting a target for profit-taking, such as selling a portion of the gain made.

THE NEXT BULL RUN

Beginner mistakes which everyone does and feels bad later.

I had invested 40,000 in $SHIB and the prices went to ₹2,18,000 in the last bull run and instead of taking profits I invested more $5,500 USD by going for loan and then the prices went 👎👇👎 down.

Two mistakes which I have done
1. Investing more at a time when prices are high,
2. Not taking my initial profits.

Realize Gains:
Avoid being in the situation where you could have achieved significant wealth if only you had sold when the price was high.

For instance, if you invested $700 in a stock and its value rose to $7000, those gains remain unrealized until you decide to sell the stock and convert the profits into cash.

Additionally,
it's important to consider setting a target for profit-taking, such as selling a portion of the gain made.
#shibacoin #SHIB? #BullRunBasics