#CryptoCharts101 🧠 : Master the Basics Before You Trade 💹
Want to stop guessing and start trading smart? Here are 3 core concepts every crypto trader MUST understand before opening a position:
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1. Support & Resistance
📉 Support = Price floor (buyers step in)
📈 Resistance = Price ceiling (sellers appear)
🧠 Tip: Breakouts above resistance = bullish. Watch volume!
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2. Candlestick Patterns
🕯️ Candles show open, high, low, close — and market psychology
🔥 Examples:
Doji = indecision
Engulfing = strong reversal
Hammer = potential bottom
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3. Trendlines & Breakouts
📏 Draw lines across swing highs/lows
⚡ Breakouts = momentum shift
🧠 Combine with RSI or MACD for better confirmation
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📚 Recommended Reads:
Technical Analysis – John Murphy
Japanese Candlestick Charting – Steve Nison
Trading in the Zone – Mark Douglas
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📊 Charts don't lie — your emotions do.
Study them. Respect them. Profit from them.
👇 Comment your favorite indicator or ask for a breakdown!
#CryptoEducation #TechnicalAnalysis #TradingTips #BinanceSquare
