Cross Star and Breakout Strategy | Capture Short-term Explosive Momentum
If you see multiple candlestick patterns like this cross
It usually indicates a very strong trend will emerge in the short term
Trading Cross Candlestick Patterns
Mark the highest or lowest points of the cross candlestick and wait for a breakout
If the price can break through that level, we can see a good short-term trend
Conversely, if the price falls below the lowest point, it may face a breakdown
Avoid Consolidation Zone Traps
Avoid trading in the cross consolidation zone
Because you might get stuck in such areas with a lack of clear direction
Learn to mark key highs and lows, and wait for the market to give a clear breakout signal before entering
Precise Sniper-like Entry
To be as precise as a sniper, you cannot place orders blindly
Please follow these 4 practical steps:
1. Identify the distribution phase in smaller time frames
2. Wait for the price to retest the supply area
3. Enter at the supply area or after a breakout of the upward wedge
4. Set the take profit at the previous key low level
This approach treats the upward wedge pattern as a compression pullback to the supply area
Which can effectively improve the risk-reward ratio
How to Day Trade
Day trading may seem mysterious, but it’s essentially buying low and selling high
Or selling high first and then buying back at a lower price
Earn price differences from market fluctuations or reduce holding costs
Prerequisites for Success
First, have market experience and be able to read price trends
Second, be familiar with the assets in hand, understanding their volatility and activity
Best Timing
Choppy markets are most suitable for day trading
It is less suitable to day trade during one-sided upward or downward trends
As it is easy to experience sell-offs or being trapped
Continuously averaging down holding costs through intraday fluctuations
Is one of the important strategies for long-term holding