#CryptoCharts101

🧠 Crypto Charts 101: How to Read a Chart Like a Pro 📊

New to crypto trading? Mastering charts is your first step toward making informed decisions. Here’s a quick breakdown of the basics:

🔹 1. Candlesticks 101

Each candle shows 4 things:

Open, High, Low, and Close prices over a set timeframe (e.g., 1H, 1D).

🟩 Green = price went up

🟥 Red = price went down

🔹 2. Support & Resistance

Support: Where price tends to bounce up

Resistance: Where price tends to get rejected

These levels help predict potential reversals or breakouts.

🔹 3. Volume

Bigger bars = stronger interest.

High volume during price moves = stronger trend confirmation.

🔹 4. Trendlines

Connect higher lows (uptrend) or lower highs (downtrend) to spot momentum shifts.

🔹 5. Moving Averages (MA)

Smooth out price action.

🔸 50MA = short-term trend

🔸 200MA = long-term trend

Golden Cross = 🟢 bullish

Death Cross = 🔴 bearish

🎯 Bonus Tip:

Zoom out! Higher timeframes = better trend clarity.

📌 Disclaimer: This post is for educational purposes only and does not constitute financial advice. Always DYOR (Do Your Own Research) before making any trading decisions.