#CryptoCharts101
*๐ Crypto Chart 101 โ Read Like a Pro (Binance Edition)*
๐ฏ๏ธ *1. Candlesticks*
- *Green* = Price went up
- *Red* = Price went down
- Wick shows high & low
- Body shows open & close
๐ *2. Timeframes*
- 1m, 5m = Short-term
- 1h, 4h = Mid-term
- 1D, 1W = Long-term
*Tip*: Match your timeframe with your goal.
๐ *3. Trendlines*
- Connect lows in uptrend
- Connect highs in downtrend
Helps spot reversals & breakouts
๐ *4. Support & Resistance*
- *Support*: Price often bounces up
- *Resistance*: Price often pulls back
๐งฎ *5. Indicators*
- *RSI*: Overbought (>70), Oversold (<30)
- *MACD*: Trend strength & momentum
- *MA*: Average price over time (e.g., 50 MA, 200 MA)
๐ *6. Volume*
- High volume = Strong moves
- Low volume = Weak/false breakouts
---
**๐ Master charts before mastering trades!
#CryptoCharts #Binance101 #TradingTips**