How to Trade with Bullish Marubozu Candlestick

in crypto •  6 months ago 

How to Trade with Bullish Marubozu Candlestick:

IMG_20240520_230501_927.jpg

  1. Spot the Marubozu: Appears right after a sideways zone, signaling strong buying pressure and potential start of an uptrend. 📈

  2. Volume Confirmation: A high volume Marubozu indicates serious buyer commitment. 🔄

  3. Entry Point: Consider entering at the close of the Marubozu or on a slight pullback. 🚪

  4. Stop Loss: Set it below the low of the Marubozu to protect your trade. 🛑

  5. Take Profit: Aim for a high reward with a risk-reward ratio of 1:2 🎯

This candle can signal a powerful move ahead, so be ready to act✔️

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6 months ago by
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      ·  6 months ago  ·  

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