In trading, there are two types of people: those who 'just bought because of the green candle,' and those who read charts like a minefield map. The former — lose out. The latter — survive and multiply.
🔎 Why these charts at all?
The crypto market is chaos. And the only way to find a pattern in it is through technical analysis. Charts show:
trend (where the price is going),
entry moment (when to enter without self-destruction),
liquidity zones (where you either get stopped out or lifted up).
💡 How does it work?
1. Trend is fundamental. Up? Then look for entry points on pullbacks. Down? Either short, or wait. Going against the trend is like throwing yourself naked at a hedgehog.
2. Support/resistance levels — places where the price has historically stopped. If it breaks a level — prepare for movement. If it doesn't break — maybe it's time to enter.
3. Candle patterns:
‘Hammer’ or ‘Engulfing’ signal potential reversal.
‘Doji’ — uncertainty, not the time to enter.
‘Pin-bar’ — a hint where the market maker breathes.
4. Tools:
RSI → whether the asset is overbought.
MACD → signal to enter/exit.
Volume → a hint whether someone big has entered the game.
📉 Why does a trader need all this?
To:
do not enter a position before a dump;
to see manipulations (for example, fake breakouts);
to exit in time with profit, not with hope.
📌 Conclusion: If you can't read charts — you're not a trader, but a roulette player. The chart is your navigation in the turbulent sea of Web3. And while some ask 'to buy or not?', you just wait for the right candle.