Basics of Technical Analysis on Binance: A Simple Guide for Beginners 💎
1. Use Charts: Start by studying candlestick charts to understand price movements.
2. Apply Indicators: Use indicators like RSI or MACD to identify trends and levels of oversold or overbought conditions.
3. Determine Support and Resistance Levels: These levels will help you understand where the price might stop or reverse.
4. Test Strategies: Try different approaches with small amounts or on a demo account.
Tip: Start with small investments to minimize risks. Don’t forget to keep an eye on the news and continuously improve your analysis skills!
