Crypto Charts 101: Reading the Market Like a Pro
Understanding crypto charts is key to making informed trading decisions. Most traders use candlestick charts, where each “candle” shows price movement over a time frame (open, high, low, close). Green candles mean upward movement, red means down.
Key components include:
Support & Resistance: Price zones where crypto tends to bounce or reverse.
Volume: Shows buying/selling activity—higher volume confirms strong moves.
Indicators: Tools like RSI (overbought/oversold), MACD (trend shifts), and Moving Averages help predict trends.
Mastering charts can help you spot patterns like breakouts, reversals, and consolidation zones. On Binance, advanced charting tools give you the edge. Learn the basics, practice consistently, and trade with confidence!