#CryptoCharts101 ๐ #CryptoCharts101: Read the Charts. Master the Market.
Trading without understanding charts is like sailing without a compass. Here's your quick guide to the basics:
๐น Candlestick Charts โ Each candle shows the price action in a time frame:
๐ธ Open
๐ธ High
๐ธ Low
๐ธ Close (OHLC)
๐ฉ Green = Price went up
๐ฅ Red = Price went down
๐น Support & Resistance
Support = Where price tends to stop falling ๐
Resistance = Where price tends to stop rising ๐
๐น Volume
The power behind a move. High volume = strong trend.
๐น Indicators to Know:
๐ RSI โ Is it overbought or oversold?
๐ MACD โ Spot momentum shifts
๐ Moving Averages โ Smooth the noise, spot trends
---
๐ Pro Tip: Start with simple tools. Master price action before diving deep into indicators.
๐ฌ Are you a TA pro or just getting started? Drop your favorite indicator below! ๐
#Binance #CryptoTrading #CryptoEducation #LearnCrypto 1 #DYOR #Bitcoin #Altcoins