#CryptoCharts101 #CryptoCharts101 โ€“ A beginnerโ€™s guide to reading and understanding crypto charts like a pro ๐Ÿ“Š๐Ÿง 

๐Ÿงฑ 1. Candlestick Basics

Each candlestick shows:

Open, High, Low, Close (OHLC) for a specific time period.

Green (or white) = price went up, Red (or black) = price went down.

โณ 2. Timeframes Matter

1-minute to 15-minute: Good for scalping/day trading.

1-hour to 4-hour: Swing trading.

Daily/Weekly: Long-term trend analysis.

Always zoom out to see the bigger picture.

๐Ÿ“ˆ 3. Trend Lines

Draw lines connecting higher lows in uptrends or lower highs in downtrends.

Helps identify breakout and breakdown points.

๐Ÿ”„ 4. Support and Resistance

Support: Price level where buying interest is strong (a floor).

Resistance: Level where selling pressure kicks in (a ceiling).

Price tends to bounce between these zones.