#CryptoCharts101 ๐ #CryptoCharts101 ๐
Want to master crypto trading? Start with understanding the charts โ they tell you the whole story ๐
Hereโs a quick breakdown of the basics:
๐ 1. Candlestick Charts
Each candle shows 4 things:
Open
High
Low
Close
Green = price went up. Red = price went down. Simple!
๐ 2. Support & Resistance
Support: Price level where buyers step in (price may bounce up).
Resistance: Price level where sellers dominate (price may drop).
Mark them โ theyโre your best friends.
๐ 3. Trendlines
Draw lines connecting highs or lows.
If itโs going up โ itโs a bullish trend.
Going down? Thatโs bearish.
๐ 4. Volume
High volume = strong move.
Low volume = weak or fake-out move.
Always check volume before entering a trade!
โ ๏ธ 5. Don't Guess. Read.
Charts aren't magic. They're tools. Learn to read them โ not predict with hope.
๐ฅ Pro Tip: Combine chart patterns with indicators like RSI, MACD, or Moving Averages for more confidence.
๐ Learn the language of charts and you'll stop trading blind.
#CryptoCharts #ChartReading #TechnicalAnalysis #CryptoUrdu #TradingTips #ZainabAbbas #LearnToTrade