$BTC

Reading charts helps make more informed decisions about entering and exiting trades.

Here are a few examples:

1. Entering a trade: Identifying reversal points

Using candlestick patterns such as "hammer" or "bullish engulfing" allows you to determine moments when the price may start to rise. For example, if a "hammer" appears on the BTC/ETH chart at a strong support level, it may signal a potential upward reversal, providing a good entry point.

2. Exiting a trade: RSI and resistance levels

When the RSI reaches the overbought zone (>70), it may indicate a possible correction. For instance, if ETH/USDT approaches a strong resistance level and the RSI shows overbought conditions, it signals a potential pullback, making exiting the trade a reasonable decision.