Learn these candlestick patterns, and you won't face any losses in cryptocurrencies ๐

๐ป 1. The Descending Wedge
๐ Structure: Downward slope, narrow range
โ Entry: upon breaking the resistance
๐ Stop Loss: Below the recent swing low
๐ฏ Target: Add the height of the wedge to the breakout
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๐บ 2. The Symmetrical Triangle
๐ Structure: Converging trend lines with lower highs and higher lows
โ Entry: Break above the upper trendline
๐ Stop Loss: Below the last support
๐ฏ Target: Height of the triangle from the widest point
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๐ค 3. The Inverse Head and Shoulders
๐ Structure: Three lows, the middle head lower than the shoulders
โ Entry: upon breaking above the neckline
๐ Stop Loss: Below the right shoulder
๐ฏ Target: The distance from the head to the neckline is projected upwards
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โ 4. The Cup and Handle
๐ Structure: Rounded bottom (the cup) followed by a small decline (the handle)
โ Entry: upon breaking the handle resistance level
๐ Stop Loss: Below the handle
๐ฏ Target: Add depth of the cup to the breakout point
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๐ 5. The Ascending Triangle
๐ Structure: Horizontal resistance with higher lows
โ Entry: Break above the resistance level
๐ Stop Loss: Below the last higher low
๐ฏ Target: Add the height of the triangle to the breakout level
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๐ณ 6. The Ascending Rectangle
๐ Structure: Limited-range consolidation between horizontal support and resistance
โ Entry: Break above the rectangular resistance level
๐ Stop Loss: Below the rectangle support
๐ฏ Target: Add the height of the rectangle to the breakout
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๐ก Professional strategic tips
โ Wait for volume confirmation at the breakout
โ Use the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD) for more price confluence
โ Respect the stop-loss limit and maintain risk management ..
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