#CryptoCharts101
1. Spotting Market Trends
Charts show if a coin is in an uptrend, downtrend, or sideways range.
• Higher highs & higher lows = uptrend
• Lower highs & lower lows = downtrend
• Flat levels = consolidation
This helps you trade with the trend, not against it.
2. Identifying Support & Resistance
• Support = price level where buyers step in (price bounces up)
• Resistance = price level where sellers dominate (price bounces down)
These are key spots for entries, exits, and stop-loss placement.
3. Catching Breakouts
When price breaks through support/resistance levels, it often leads to big moves.
• Charts help you spot breakout setups in advance.
• Combine it with volume indicators for confirmation.
4. Using Indicators & Patterns
Popular indicators:
• RSI (Relative Strength Index) — shows overbought/oversold levels.
• MACD — signals trend reversals.
• EMA/SMA — moving averages that act as dynamic support/resistance.
Chart patterns like:
• Triangles, flags, head & shoulders, double bottoms/tops
Help predict price direction.
5. Timing Your Entries & Exits
By reading candles and patterns:
• Wait for confirmation before entering.
• Place stop-loss at logical points based on the chart.
• Set take-profits near major resistance zones or measured moves.
6. Reducing Emotional Trading
When you trade based on a clear chart setup:
• Less room for panic, FOMO, or revenge trades.
• Your decisions rely on data, not emotions.