#CryptoCharts101

#CryptoCharts101: Read the Charts, Rule the Market 📊🚀

New to crypto trading? Before you buy that next coin, master the charts! Here's a quick breakdown of what you must understand:

Candlesticks 101

Each candle shows 4 things: Open, Close, High, Low.

🔴 Red = Price dropped

🟢 Green = Price rose

Support & Resistance

Think of these like floors and ceilings.

📉 Price bounces up from support

📈 Price struggles to break resistance

Moving Averages (MA)

Smooth out price action.

– 50 MA = short-term trend

– 200 MA = long-term trend

Bullish when short MA crosses above long MA (Golden Cross ⚡)

RSI (Relative Strength Index)

Measures if crypto is overbought or oversold.

– Above 70 = 🔥 Too hot (overbought)

– Below 30 = 🧊 Too cold (oversold)

Volume = Confidence

Strong moves need strong volume.

No volume = No conviction = Risky trade

📌 Pro Tip: Don’t rely on one indicator. Use 2-3 for confirmation.

Understand the charts before you follow the hype. That’s how pros win. 💹

#CryptoCharts101 #CryptoEducation #TradeSmart #DYOR