#CryptoCharts101
📈 Reading a crypto chart: not so simple, but not rocket science 📉
For beginners, a crypto chart may seem blurry: lines, peaks, troughs… But these plots are not just for decoration. They convey everything: past prices, forces at play, and sometimes, actions to take.
First trap: following the plot without a framework. Rules are necessary. For example, knowing where to set your buying or selling thresholds. Never act on a whim.
Another mistake: seeing signs where there are none. A steep slope doesn't mean a rise to follow. You need to cross-check information, observe the flow, volume, and rhythm.
And above all, keep a cool head. Fear or euphoria can lead to irrational actions.
📌 In short: a well-read chart helps aim better, but only regular practice sharpens the eye.
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💡 Read, test, sometimes fail, but above all: persist and adjust. The plot guides, it’s up to you to read it accurately.