#CryptoCharts101
**#CryptoCharts101: How to Read Crypto Charts Like a Pro**
Understanding crypto charts is key to making informed trading decisions. Here’s a quick breakdown of the basics:
📊 **Candlestick Charts** – Each candle shows the open, close, high, and low prices for a given time frame. Green = price up, Red = price down.
📈 **Support & Resistance** – Support is where buying pressure increases (price floor), while resistance is where selling pressure rises (price ceiling). Breakouts above resistance or below support can signal trends.
🔍 **Volume** – High trading volume confirms trend strength, while low volume may indicate weak momentum.
📉 **Trend Lines** – Drawing lines connecting highs (downtrend) or lows (uptrend) helps identify market direction.
💡 **Indicators** – Popular tools like **RSI** (overbought/oversold), **MACD** (trend strength), and **Moving Averages** (support/resistance) help analyze price action.
Mastering charts takes practice, but these fundamentals will give you an edge! What’s your go-to charting tool? Drop it below! 👇 #Crypto #TechnicalAnalysis #TradingTips
