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*#CryptoCharts101 | Do you read the chart… or imagine it? 📊👀*

📈 Understanding charts is a fundamental skill for every crypto trader. Here are the basics:

🔹 *1. Candlesticks:*

– Each candle represents price movement over a time period

– Wick = highest and lowest price, body = open and close

🔹 *2. Support and Resistance Lines:*

– Support: A level where the price stops falling

– Resistance: A level that is hard to break through upwards

🔹 *3. Trends:*

– Upward, downward, or sideways. Do not trade against the trend without a plan.

🔹 *4. Technical Indicators:*

– RSI, MACD, Moving Averages… your tools for analyzing momentum and strength.

🎯 The challenge is not in memorizing the tools, but in using them wisely.

💬 Do you rely more on technical analysis or fundamental analysis? Share your opinion 👇

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