#CryptoCharts101

📊 Crypto Charts 101: Master the Basics Before You Trade!

Reading crypto charts is the key to making smart trading decisions. Here are the essentials every trader must understand:

⸻

🔹 1. Candlestick Charts

Each candlestick shows 4 key things:

• Open Price

• Close Price

• High Price

• Low Price

🟩 Green = Price closed higher than it opened (bullish)

🟥 Red = Price closed lower than it opened (bearish)

⸻

🔹 2. Support & Resistance

• Support: Price level where demand is strong enough to prevent the price from falling.

• Resistance: Price level where selling pressure prevents further rise.

Watch for breakouts and bounces!

⸻

🔹 3. Moving Averages (MA)

• 50 MA and 200 MA are popular.

• When short-term MA crosses above long-term MA = Bullish Signal (Golden Cross)

• When short-term MA crosses below = Bearish Signal (Death Cross)

⸻

🔹 4. RSI (Relative Strength Index)

• Measures market momentum.

• Above 70: Overbought (possible sell signal)

• Below 30: Oversold (possible buy signal)

⸻

🔹 5. Volume

Confirms price moves.

• High volume = Strong move

• Low volume = Weak or unreliable move

⸻

🎯 Pro Tip:

Never rely on a single indicator. Combine signals for higher accuracy. Practice analyzing real charts daily.

⸻

#CryptoCharts #TechnicalAnalysis #TradingBasics #Binance #CryptoEducation