CryptoCharts101
SOL
154.05
+2.17%
Getting started with cryptocurrencies can seem daunting, but it's the key to successful trading. First and foremost, focus on candlestick charts. They show the opening, closing, high, and low prices over a specific period. Pay attention to the trading volume — high volume confirms price movement.
Study indicators like RSI (Relative Strength Index) to determine overbought/oversold conditions or MACD to identify momentum. Don't forget about support and resistance lines – these are levels where the price often pauses or reverses. Practice and combine these tools to better understand price movements in the crypto market. Good luck!
