A Quick Mini Course on Technical Analysis for Beginners
Technical Analysis = Reading Charts to Predict Future Price Movements
The Top 5 Essentials to Start With:
1. General Trend (Trend)
If the price on the chart is rising: Think about buying only.
If the price is falling: Do not buy until signs of reversal appear.
2. Support and Resistance (Support & Resistance)
Support = A zone where the price often stops falling (Buying Opportunity).
Resistance = A zone where the price often stops rising (Selling Opportunity or Profit Taking).
3. Candlestick Patterns (Candlestick Patterns)
Long Bullish Candle = Strong Buying Pressure.
Long Bearish Candle = Strong Selling Pressure.
Certain shapes (like Hammer or Reversal) help you understand where the trend changes.
4. Simple Indicators (Indicators)
RSI Indicator: Measures whether the asset is "Overbought" or "Oversold".
Moving Average Indicator: Shows the general trend.
5. Risk Management
Do not risk more than 1%-3% of your balance on a single trade.
Always set a Stop Loss and define a profit target before entering.
Simple Work Map:
> Chart Analysis ➔ Determine Trend ➔ Create Entry and Exit Plan ➔ Execute Calmly and Disciplined.
