#CryptoCharts101

📊 #CryptoCharts101 – Basics of Reading Charts on Binance!

Understanding charts is essential for success in crypto trading. Here are some basic points every new trader should know:

🔹 Candlestick Chart

This is the most commonly used chart. Each “candle” shows the price movement during a specific time (like 15 minutes or 1 hour).

🔹 Green vs Red Candles

Green = Price increased

Red = Price decreased

🔹 Support & Resistance

Support: The level where price usually stops falling

Resistance: The level where price usually stops rising

🔹 Volume

High volume = High market interest

Low volume = Fewer buyers/sellers

🔹 Moving Averages (MA)

These indicators show the direction of the trend. For example:

MA50 = Average price of the last 50 candles

MA200 = Long-term trend indicator

🔹 RSI (Relative Strength Index)

RSI above 70 = Overbought (too much buying)

RSI below 30 = Oversold (too much selling)

---

📍 Remember: Learn it, Understand it, then Trade it!

💬 Want to learn more about chart indicators or signals? Drop a comment!

#Binance #CryptoTrading #CryptoEducation #Altcoins #BTC #ETH #TradingTips #CryptoForBeginners