🔹 Thread 5 – How to read a crypto chart before buying on Binance?

It's not enough to just like a project.

You also need to know if it's a good time to enter.

Today, I'll explain the basics to understand a crypto chart.

🧵👇

1. Where to see the chart?

Go to Binance → select the crypto you want → tap "Chart" or "TradingView".

You can switch between 1D, 4H, 1H candles, etc.

Start with 1D or 4H candles for a clearer view.

2. What are candles?

Each candle shows the price movement over a period.

Green = up | Red = down

Body = open and close | Wicks = highs and lows

3. Is it in an uptrend or downtrend?

✅ If it makes higher highs and higher lows → uptrend

❌ If it makes lower highs and lower lows → downtrend

This helps you decide whether to buy or wait.

4. Support and resistance

🟩 Support: area where the price tends to bounce up

🟥 Resistance: area where the price tends to stall or drop

Draw them by connecting areas where the price touched several times.

5. Volume: who is buying?

Volume tells you how much strength there is in a movement.

✅ If the price goes up with volume → strong

❌ If it goes up without volume → be careful, it could be a trap

6. Is it a good time to buy?

📉 Don't buy at resistances

📈 Wait for pullbacks or entries near support

Combine this with what you learned about the project (Thread 4)

7. Conclusion:

Before buying any crypto:

🔹 Research the project (Thread 4)

🔹 Check its chart (Thread 5)

🔹 Wait for a good entry

💬 Do you already use charts before buying or do you go by intuition?

I’m reading you 👇

⸻

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#Binance #CryptoBeginners #CryptoTrading #TechnicalAnalysis #CryptoCharts #CryptoTips #InvestInCrypto #FinancialEducation #CryptoForBeginners