#ChartAnalysis
🔍 How to read the chart?
To read the chart correctly, focus first on two main axes:
The horizontal axis (time): this indicates when the price movement occurred. 🗓️
The vertical axis (price): this indicates what the price of the asset was at that moment. 💵
Each point on the curve or each candle represents the price of the asset over a specific time period. 🕯️ If you use candlesticks, you can know:
Opening price
Highest point reached
Lowest point
Closing price
And each time period you choose (minutes, hours, days,...) gives you new data and different information about price movement. 🔄 The more experience you gain in reading the chart, the better you understand the market and make your decisions with confidence! 💪