#SouthKoreaCryptoPolicy CryptoCharts101: Master the Charts and Improve Your Decisions 📊
Do you want to better understand the crypto market? Charts are your best tool. Here’s the basics you should know:
🔹 Common chart types:
✅ Candlesticks: Show opening, closing, highs, and lows over a period. Perfect for identifying trends and reversals!
✅ Lines: Simple but useful for seeing the general direction of the price.
✅ Bars: Less common, but provide details similar to candlesticks.
🔹 Supports and Resistances:
📉 Support: Area where the price tends to "bounce" when falling.
📈 Resistance: Area where the price finds a "ceiling" before retreating.
🔹 Key indicators:
✨ RSI (Relative Strength Index): Detects overbought (>70) or oversold (
✨ MACD: Helps identify changes in momentum.
✨ Moving averages (SMA/EMA): Smooth the price to see trends.
💡 Tip: Combine technical analysis with news and market sentiment. No indicator is infallible!
📌 What tool has worked best for you? Share your tips! 🚀 #Crypto #Trading #TechnicalAnalysis
(🔥 Bonus: Practice on TradingView before trading with real money).