Understanding the Head and Shoulders Chart Pattern:
- Formation: Consists of two smaller peaks (shoulders) on either side of a higher peak (head).
- Breakout Confirmation: Occurs when the price breaks the neckline after forming the second shoulder, signaling a potential trend reversal upward 🔼
- Target: The move's potential height can be estimated from the head's height added to the breakout point.🎯💵
This pattern is a classic reversal indicator, great for identifying entry points🔼✔️
Coach 🥳
#ROSE forming a bull flag and touched 0.382 fib level again. Waiting for the breakout.
Keep an eye on this setup.
🥳@Coach
#ATOM forming a symmetrical triangle and yet to break out to either side.
Bounce back from support can be expected.However, better to wait until it gives a breakout to an either side.
🥳@Coach
#ACH broke the symmetrical triangle and currently retesting the resistance.
Possible to reach $0.03 if breaks $0.38 fib level.
🥳@Coach
#BEAMX currently at a support level. If the market breaks this level we can expect price to dip $0.02300 level.
Keep watching this area closely.
🥳@Coach
#BAT formed symmetrical triangle in 4H time frame and looking to break a major resistance zone.
Keep an eye on this setup.
🥳@coach
💬 Trading Tip of The Day 👇
If You're Afraid Of Losing Money, Trade Smaller.
If You're Afraid Of Losing Trades, Think In Probabilities And Expectancy.
If You Have The Fear Of Missing Out, Realize There Are Always New Opportunities.
Fear Is Internal And You Must Overcome It To Be A Successful Trader.✔️
@Coach 🥳
#Binance will delist #OMG, #WAVES, #WNXM, and #XEM on June 17, 2024.
More details here ⤵️
https://www.binance.com/en/support/announcement/binance-will-delist-omg-waves-wnxm-xem-on-2024-06-17-f65faeeefe07417a8b6dd2900ba8da7e
@Coach 🥳
#MANA forming symmetrical triangle. And also spotted a major resistance zone as well.
If breaks these two resistances, we can possibly expect a pump.
DYOR
🥳@Coach
🇺🇲 Senator Ted Cruz bought three Bitcoin mining machines, and they're now mining in Texas.
Amazing: A US Senator is mining Bitcoin 💵💎
@Coach 🥳
#IOTX SPOT BUY SETUP
🔴Stop Daily close below 0.04075$
🟢Take profit 0.1$ , 0.135$,0.18$
🥳@Coach
💬 Trading Tip of The Day 👇
You Need To Take Losses Without Getting Emotionally Attached To Your Positions. ⚠️
This Is One Of The Most Difficult Aspects Of Good Trading Psychology, But It’s Essential If You Want To Be Successful. ✔️
@Coach 🥳
#FLM bounced back from the support and currently looking for another breakout.
Good for buyers if breaks major resistance zone (The white resistance zone)
🥳@Coach
👋 Hi Fam,
Dive into these Trading Rules to Live By 👇:
1. Enter After Confirmation: Jump in only after the candles give a thumbs up 👍, confirming the uptrend.
2. Set a Stop Loss: Always place your stop loss just below the crucial zone to keep risks tight. ⛔
3. Take Profit Wisely: Choose your profit target based on what the bigger time frame tells you 🎯
4. Patience is Key: Let the trade do its thing without letting hope or fear cloud your judgement.🧘♂️
Stick to these rules to keep your trading solid and smart. ✔️📈📊
@Coach 🥳
#HFT symmetrical triangle broke out in 4H time frame and retesting at the moment.
DYOR before entering to a trade.
🥳@coach
🚨JUST IN: Semler Scientific, a healthcare company, sees its stock surge by over ~28% following the adoption of #Bitcoin as its primary treasury asset.
The Bitcoin effect is in full swing.💥
@Coach 🥳