⚡️ Lesson Thirty: How to Start Technical Analysis with Practical Steps? 📊
Many beginners hear about "technical analysis" but do not know where to start,
which is why this lesson is an easy and straightforward guide to get started. 👇
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🔹 1️⃣ Open the Chart:
Log into the Binance platform and select the currency you want to analyze.
Observe the price movement over the past days and weeks, as the market "speaks the language of charts".
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🔹 2️⃣ Determine the Trend:
Is the price going up, down, or moving sideways?
The trend is your friend, so do not trade against it.
📈 If the price is above the moving average → the market is bullish.
📉 If it is below → the market is bearish.
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🔹 3️⃣ Draw Support and Resistance Areas:
• Support: the area where the price often bounces back.
• Resistance: the area where the price stops or falls from.
Learn to identify them as they are the keys to entering and exiting trades. 🔑
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🔹 4️⃣ Use Simple Indicators (like RSI and MACD):
These tools tell you whether the currency is "overbought or oversold".
Do not overload on indicators, as simplicity means clarity. ⚙️
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💬 Tip from CryptoMario101:
"Every candle on the chart tells a story between the seller and the buyer,
and a good technical analyst is one who knows how to read this story."
