#CryptoCharts101
📊 Crypto Trading Charts 101 🧠💹
1. 🕯️ Candlesticks
Each “candle” shows price movement for a set time (open, high, low, close).
🟩 = Price went up | 🟥 = Price went down
2. 📈 Trend Lines
Connect highs or lows to spot 🔼 uptrends, 🔽 downtrends, or ➖ sideways moves.
3. ⚖️ Support & Resistance
🟢 Support: Price level where buyers step in
🔴 Resistance: Price level where sellers step in
4. 📊 Volume
Measures how much is being traded. High volume = stronger moves 🔊
5. 📉 Indicators
Popular tools:
• RSI 🔄 (Overbought/oversold)
• MACD ⚙️ (Momentum)
• Moving Averages 🚗 (Trend smoothing)
⸻
💡 Why It Matters
Understanding charts helps you spot entry/exit points 🏁 and avoid emotional decisions 🧘