๐ #CryptoCharts101 โ Decode the Charts, Dominate the Trades ๐
New to crypto? ๐ช Feeling lost when looking at charts full of candles, lines, and patterns? Don't worry โ weโve got you! ๐ Letโs break it down with some chart wisdom + emojis ๐
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๐ฏ๏ธ 1. Candlestick Basics
Each candle = price movement over time ๐ฐ๏ธ
๐ข Green = Price went up ๐น
๐ด Red = Price went down ๐
โ Learn to read the candles, not just stare at them ๐
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๐ 2. Trend is Your Friend
Uptrend: Higher highs + higher lows โฌ๏ธ
Downtrend: Lower highs + lower lows โฌ๏ธ
๐ Spot the trend before you hit โbuyโ ๐ธ
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๐ 3. Support & Resistance
๐ฆ Support: Where price tends to bounce up (think trampoline ๐ช)
๐ฅ Resistance: Where price gets stuck or reverses ๐งฑ
โ ๏ธ Don't trade blind โ mark these zones!
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๐ 4. Chart Patterns 101
๐บ Triangle = Price squeeze incoming
๐ Double Top/Bottom = Reversal alert ๐จ
๐ Head & Shoulders = Trend may flip โ watch closely! ๐๏ธ
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โ๏ธ 5. Use Indicators Wisely
๐ RSI = Overbought or oversold?
๐ MACD = Momentum tracker
๐ฏ Combine indicators, donโt rely on one!
