Those who do not read the candles write their losses with their own hands
XRP
2.2659
+3.65%
If you are not skilled at reading charts, you are trading as if you are walking down a dark path without a guide.
The chart is not just graphical representations or decorative shapes, but rather the tool that reveals to you the true market movement and helps you understand what has happened and what may happen next.
Every line and every pattern carries a message, and each candle tells the details of the battle between buyers and sellers.
Candlestick charts accurately show you where the price started and where it ended, as well as the highest and lowest points it reached during a specific time period.
Support and resistance levels are not random numbers; they are critical levels where market direction can change.
The overall trend – whether it is upward, downward, or sideways – determines the nature of your decisions: do you enter, wait, or exit?
Learning to read the chart is not a luxury; it is an essential necessity for anyone seeking success in the trading world.
Every candle carries a story within it, and those who read it well make their decisions with confidence and reduce their risks.