#CryptoCharts101 Read Markets Like a Pro on Binance

Spot Trends, Avoid Traps & Time Your Trades

Charts are your crypto trading compass. Master these 5 essentials to decode price action and make smarter moves:

1. Candlesticks: The Market’s Pulse

Green candle = Price rose (close > open).

Red candle = Price fell (close < open).

Wicks show rejection ("Price tried to go here but got rejected").

→ Binance Tip: Use TradingView on Binance for candle patterns (Hammer, Doji, Engulfing).

2. Support & Resistance: Price’s Battle Zones

Support: Price floor (demand zone).

Resistance: Price ceiling (supply zone).

Breakout = New trend potential; fakeout = Trap!

→ Binance Tool: Draw lines with Binance’s charting tools. Test breakouts with low-risk orders.

3. Volume: Fuel Behind the Move

Rising price + Rising volume = Strong trend.

Rising price + Low volume = Warning (weak rally).

Volume spike = Big player move or capitulation.

→ Binance Hack: Track volume bars under charts. Pair with BTC Dominance chart for market context.

4. Simple Moving Averages (SMAs): Trend Filters

50 SMA = Short-term momentum.

200 SMA = Long-term trend ("bull/bull divider").

Golden Cross (50 SMA > 200 SMA) = Bullish signal.

*→ Binance Strategy: Spot reversions to SMA on 4H/Daily charts for swing trades.*

5. RSI (Relative Strength Index): Gauge Greed & Fear

RSI > 70 = Overbought (sell signal).

RSI < 30 = Oversold (buy signal).

Divergence = Hidden trend reversal clue.

→ Binance Pro Tip: Avoid RSI in strong trends (crypto can stay overbought for weeks!).