#CryptoCharts101 📊 #CryptoCharts101 : Learn to read charts like a pro trader 🧠💹
Are you overwhelmed by seeing red and green candles? You're not alone! Understanding crypto charts is key to making better decisions. Here’s the basics 👇
🔹 1. Candlestick Chart
Each candle shows:
🟢 Opening, closing, high, and low
🕐 Timeframes: 1min, 1h, 1D... choose according to your style!
🔹 2. Supports and resistances
📉 Support = level where the price tends to bounce
📈 Resistance = level where it tends to stop rising
💡 Use them to plan entries and exits!
🔹 3. Trends
↗️ Bullish = higher highs
↘️ Bearish = lower lows
➖ Lateral = consolidation range
📏 Draw trend lines to guide your decisions
🔹 4. Popular indicators
RSI: measures if an asset is overbought or oversold
MACD: helps identify trend changes
MA (Moving Average): smooths the price to see the overall direction
📌 Final tip: Don’t trade just on “intuition.” Good technical analysis starts with knowing how to read the chart.
🔍 Are you already applying these concepts or just starting?