#CryptoCharts101

The ability to read charts in crypto trading is the key to making informed decisions.

Price charts show market movement: what the price was and where it might go.

Analyzing charts helps identify trends, support and resistance levels, as well as reversal or continuation patterns.

Technical indicators (RSI, MACD, SMA) complement the assessment. Without chart analysis, a trader acts blindly with the risk of losing their capital.

Chart reading skills allow for timely entries into trades, setting justified stop losses and take profits. This is the foundation of a strategy to minimize risks and increase the chances of profit.