📊 How to Conduct Your First Technical Analysis? [Beginner's Guide]

Do you want to understand when to buy or sell crypto? 🔍

Start with the basics of technical analysis — it's not as difficult as it seems!

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✅ Step 1: Understand the Japanese Candlestick

Each candlestick shows:

Opening and closing price

Highest and lowest price during a given time

Green candlestick = uptrend, red = downtrend.

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✅ Step 2: Identify the Trend

Uptrend: higher highs and higher lows

Downtrend: lower highs and lower lows

Sideways trend: price moves within a range

🎯 Don’t trade against the trend!

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✅ Step 3: Mark Support and Resistance Levels

Support: the level where the price “bounces” up

Resistance: the level where the price struggles to break higher

💡 Often, buy/sell orders are set there.

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✅ Step 4: Use Simple Indicators

MA (moving average): shows the averaged price movement

RSI (relative strength index): indicates whether the market is overbought (>70) or oversold (<30)

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✅ Step 5: Practice on Charts

Go to Binance → “Trade” tab → select a pair (e.g., BTC/USDT) → click “Advanced view”.

🔎 Practice drawing trend lines, checking price reactions, and learn by observing the market.

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📌 Remember: technical analysis is a tool, not a guarantee.

Always use stop-loss and manage risk.

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💬 Have questions?

Leave a comment! 👇👇👇

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