#CryptoCharts101
📊 CryptoCharts101 — Reading crypto charts is a vital skill for traders aiming to make data-driven decisions. On Binance, navigate to any trading pair and select the "TradingView" option for detailed chart analysis. Start by understanding the candlestick chart each candle shows the open, close, high, and low prices within a selected time frame. Green candles indicate price increases, while red candles signal declines. Use tools like the RSI and MACD available directly on the chart to gauge market momentum and potential trend shifts. You can also apply moving averages to visualize short - and long-term trends, and draw support and resistance lines to spot key price zones. Binance makes it easy to customize chart layouts and overlay technical indicators, helping traders spot chart patterns like triangles or head-and-shoulders. With practice, reading charts becomes a powerful way to time entries, set stop-losses, and manage risk more effectively.
