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How to Read Binance Charts Without Feeling Lost: Candlesticks 101
When you first open a chart on Binance, it can feel like you’ve accidentally walked into a very serious meeting you weren’t invited to. There are red and green blocks, thin lines, and a lot of movement.
Let’s make sense of it—starting with the basics: candlesticks.
1. What’s a Candlestick?
A candlestick is a way of showing how a coin’s price moved during a certain amount of time—like one minute, one hour, or one day. Traders like candlesticks because they show a lot of information in a small, easy-to-read shape.
Here’s what each one tells you:
Open – the price at the beginning of that timeClose – the price at the endHigh – the highest price reachedLow – the lowest point touched
It’s a simple summary of price movement in a tidy shape.
2. Colours: Green Means Up, Red Means Down
Green candles show that the price went up during that time.Red candles mean the price went down.
Simple. No tricks.
3. Wicks: Price Movement Beyond the Body
The lines sticking out of the top and bottom are called wicks. They show the full range of price during that time.
The “body” of the candle shows where the price opened and closed.The “wicks” show how far it stretched before settling.
4. Timeframes: 1m, 1h, 1d—What Do They Mean?
You can choose how much time each candle represents:
1m – each candle shows one minute of price movement1h – each one shows an hour1d – one day, and so on
Shorter timeframes are for quick trades or live watching. Longer ones are better for spotting trends.
5. Why Use Candlesticks At All?
Because they’re fast to read once you get the hang of it.
They help answer:
Is the price going up or down?How fast is it moving?Is it being volatile or calm?
Most traders use candlestick charts because they give a clear sense of direction without needing extra tools—at least to start with.
If you found this helpful, feel free to share it with someone who’s just getting started. I’d love to hear your thoughts in the comments—and if you’d like more beginner-friendly guides like this one, you know where the follow button is! ☝🏻🤓
#BroomieTeaches
Let’s make sense of it—starting with the basics: candlesticks.
1. What’s a Candlestick?
A candlestick is a way of showing how a coin’s price moved during a certain amount of time—like one minute, one hour, or one day. Traders like candlesticks because they show a lot of information in a small, easy-to-read shape.
Here’s what each one tells you:
Open – the price at the beginning of that timeClose – the price at the endHigh – the highest price reachedLow – the lowest point touched
It’s a simple summary of price movement in a tidy shape.
2. Colours: Green Means Up, Red Means Down
Green candles show that the price went up during that time.Red candles mean the price went down.
Simple. No tricks.
3. Wicks: Price Movement Beyond the Body
The lines sticking out of the top and bottom are called wicks. They show the full range of price during that time.
The “body” of the candle shows where the price opened and closed.The “wicks” show how far it stretched before settling.
4. Timeframes: 1m, 1h, 1d—What Do They Mean?
You can choose how much time each candle represents:
1m – each candle shows one minute of price movement1h – each one shows an hour1d – one day, and so on
Shorter timeframes are for quick trades or live watching. Longer ones are better for spotting trends.
5. Why Use Candlesticks At All?
Because they’re fast to read once you get the hang of it.
They help answer:
Is the price going up or down?How fast is it moving?Is it being volatile or calm?
Most traders use candlestick charts because they give a clear sense of direction without needing extra tools—at least to start with.
If you found this helpful, feel free to share it with someone who’s just getting started. I’d love to hear your thoughts in the comments—and if you’d like more beginner-friendly guides like this one, you know where the follow button is! ☝🏻🤓
#BroomieTeaches
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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