#CryptoCharts101

1. Spotting Market Trends

Charts show if a coin is in an uptrend, downtrend, or sideways range.

• Higher highs & higher lows = uptrend

• Lower highs & lower lows = downtrend

• Flat levels = consolidation

This helps you trade with the trend, not against it.

2. Identifying Support & Resistance

• Support = price level where buyers step in (price bounces up)

• Resistance = price level where sellers dominate (price bounces down)

These are key spots for entries, exits, and stop-loss placement.

3. Catching Breakouts

When price breaks through support/resistance levels, it often leads to big moves.

• Charts help you spot breakout setups in advance.

• Combine it with volume indicators for confirmation.

4. Using Indicators & Patterns

Popular indicators:

• RSI (Relative Strength Index) — shows overbought/oversold levels.

• MACD — signals trend reversals.

• EMA/SMA — moving averages that act as dynamic support/resistance.

Chart patterns like:

• Triangles, flags, head & shoulders, double bottoms/tops

Help predict price direction.

5. Timing Your Entries & Exits

By reading candles and patterns:

• Wait for confirmation before entering.

• Place stop-loss at logical points based on the chart.

• Set take-profits near major resistance zones or measured moves.

6. Reducing Emotional Trading

When you trade based on a clear chart setup:

• Less room for panic, FOMO, or revenge trades.

• Your decisions rely on data, not emotions.