---
*#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 👇
---