#CryptoCharts101 📊 Crypto Charts 101 📊

How not to get lost in charts and read them wisely

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1️⃣ Candles — they are not just "green" and "red"

👉 The body of the candle shows the difference between open and close.

👉 Shadows (wicks) show the extremes (high and low) for that period.

👉 Long shadows = struggle between buyers and sellers.

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2️⃣ Support and resistance levels

👉 Support = a zone where the price often "bounces" upwards.

👉 Resistance = a zone where the price often "bounces" downwards.

👉 The more often a level is tested, the stronger it is.

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3️⃣ Trend — your friend

👉 Uptrend = a series of higher highs and lows.

👉 Downtrend = a series of lower highs and lows.

👉 Never trade "against" the trend without a clear signal.

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4️⃣ Volume

👉 Rising volume = confirmation of strength in movement.

👉 Falling volume = weakness in movement / possible reversal.

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5️⃣ Indicators ≠ Holy Grail

👉 Use indicators (RSI, MACD, MA) as a supplement, not the foundation.

👉 Price and volume — the best sources of information.

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Conclusion:

A chart is not a fortune teller, but a tool for analyzing the behavior of other traders. The simpler the approach, the more effective.