$BTC
The Secret of Candles and Risk Management
Many new traders make the same mistake: they focus 100% on when to enter and 0% on how to exit.
I have been analyzing market behavior these days and the key is not in the most complex indicator, but in understanding the psychology of Japanese candles. A "Long Wick" or a "Pin Bar" in a support zone is not just a line on the chart; it is the trace of a battle won by buyers.
But be careful, Tin... (here you can leave your personal mark) entering without an exit plan is like jumping out of a plane without a parachute expecting the wind to blow you upwards.
My 3 golden rules for this week:
Don't chase the price: If the candle has already closed far from your entry, wait for the pullback.
Use the ATR: Adjust your Stop Loss based on real volatility, not on fear.
Take partial profits: No one went bankrupt securing profits.
We are in a cycle where patience pays more than 20x leverage.
What is that candle pattern that never fails you when you are trading? Are you more of an "Engulfing" or a "Hammer"? I read you in the comments.