Quick Guide: Mastering Binance 1-Hour Charts for Beginners
When I first opened a Binance chart, I thought it was impossible to understand — candles going up and down, strange lines, and too many numbers. But the truth is, once you learn a few basics, reading the 1-hour chart becomes super easy. Here’s a simple guide for beginners 👇
🕯 Candlestick Basics
Green Candle → Price went up in that hour.
Red Candle → Price went down in that hour.
Wicks (thin lines) → Show the highest and lowest price in that hour.
💡 Tip: Long wicks mean strong pushback from buyers or sellers.
📍 Support & Resistance
Support = Price “floor” where buyers step in.
Resistance = Price “ceiling” where sellers show up.
➡️ If price breaks resistance, it may rise higher.
➡️ If it breaks support, it could drop lower.
📈 Spotting the Trend
Uptrend = Higher highs + higher lows.
Downtrend = Lower highs + lower lows.
Sideways = Flat market with no clear direction.
👉 Always go with the trend, not against it.
🔎 Volume Check
High volume = Strong move with trader support.
Low volume = Weak move or sideways action.
⚙️ Using Indicators
MA/EMA (Moving Averages): Price above = strength, below = weakness.
RSI: Over 70 = overbought (may fall), under 30 = oversold (may bounce).
MACD: Fast line above slow = bullish, below = bearish.
💡 Indicators confirm the price action, they are helpers, not fortune tellers.
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✅ Quick Recap: To read a 1-hour chart in 5 minutes, focus on:
1. Candlesticks
2. Support & resistance
3. Trend direction
4. Volume
5. Indicators for confirmation
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📝 Final Words
Reading Binance charts doesn’t have to be scary. Stick to the basics — candlesticks, trends, levels, and indicators — and with practice, it all becomes natural. Soon, you’ll go from guessing trades to making smart, confident decisions.
