#CryptoCharts101 Understand the charts before clicking on 'buy'
You don’t need to be a professional analyst, but knowing how to read charts is essential to make good decisions in crypto trading.
🔍 Here are the basics that every trader needs to master:
1. Candlesticks:
Show the price movement within a period (open, close, high, and low).
2. Support and resistance:
Levels where the price tends to stop, pull back, or break through. They are the foundation of technical analysis.
3. Trend:
Is the chart going up (bullish), down (bearish), or sideways (neutral)? This changes the entire strategy.
4. Volume:
Measures the strength behind the movements. Rise without volume? It could be a trap.