Master the Basics with #CryptoCharts101
Are you reading charts or just staring at lines?
๐ What Are Crypto Charts?
Crypto charts visually show how a coinโs price moves over time.
The most common one? Candlestick charts โ they show the open, high, low, and close for each time period.
๐ฏ๏ธ Why Candlesticks Matter:
Green candle? Price went up. Red candle? Price dropped.
Wick? Shows price extremes. Patterns like โbullish engulfingโ or โhammerโ can signal potential trend reversals.
๐ Support & Resistance:
Support is where buyers step in, resistance is where sellers push back. Identifying these zones helps you enter low and exit high โ the basic rule of winning trades.
Suggestion:
Learn the chart language โ it speaks profit when you listen right.