📊 #CryptoCharts101: Read the Market Like a Pro
Want to trade smarter? Master the basics of reading crypto charts:
🔹 Candlesticks
Each candle shows open, high, low, and close (OHLC).
🟩 Green = price up | 🟥 Red = price down
🔹 Support & Resistance
Support = price floor
Resistance = price ceiling
Watch these levels for potential reversals or breakouts.
🔹 Volume
Rising volume = stronger moves. Low volume = potential fakeouts.
🔹 Moving Averages (MA)
MA50/MA200 help spot trends.
Golden Cross (MA50 > MA200) = bullish
Death Cross (MA50 < MA200) = bearish
🔹 RSI (Relative Strength Index)
Over 70 = overbought 📈
Under 30 = oversold 📉
Learning to read charts = gaining an edge.