LeeElMercadoComoUnPro

#CryptoCharts101
Still seeing squiggles? Learn to read price charts 👀📈

Do you go into Binance and see a bunch of red and green candles that look like a light fight? 😵‍💫 You're not alone! Understanding a price chart is one of the most powerful skills in the crypto world. 🔥

Here are the basics:

🟦 Axes:

The X axis (horizontal) shows time.

The Y axis (vertical) shows the price.
Knowing where you stand in time and how the price has moved is the starting point.

🕯️ Japanese candles:
Each candle shows 4 key data points: open, close, highest price and lowest price.

Green = the price went up

Red = the price went down
Learning to read these candles tells you how the market behaved in a specific period.

📉 Support and resistance:

Support: area where the price usually "bounces" when falling.

Resistance: area where the price usually slows down when rising.
Detecting them helps you anticipate movements and make better decisions.

📌 Once you understand this, you are no longer looking at squiggles... you are reading the language of the market. 📚📊

#CryptoCharts101 #CryptoEducation #TradingForNewbies #BinanceTips #LeeElMercadoComoUnPro