#CryptoCharts101
Crypto Charts 101 – Reading the Market Like a Pro
New to trading? Understanding crypto charts is your first step to making smarter moves.
Most traders use candlestick charts — each candle shows price movement over a set time (1m, 1h, 1d). A green candle means the price closed higher than it opened; red means it dropped. Simple, right?
Key chart concepts:
– Support & Resistance: Price levels where coins often bounce or get rejected.
– Volume: Shows how much is being traded — high volume = strong moves.
– Moving Averages (MA): Tracks average price over time — helps spot trends.
– RSI (Relative Strength Index): Measures if an asset is overbought or oversold.
Charts help you spot trends, entry/exit points, and avoid FOMO trades. But remember: no chart is 100% accurate. Combine it with news, sentiment, and DYOR for better results.
Master the charts. Master the market.
#CryptoCharts #TechnicalAnalysis #BinanceSquare #DYOR