Read the Market Like a Pro
Jumping into crypto without knowing how to read charts is like sailing without a compass. Whether you're a beginner or just looking to sharpen your edge, understanding the basics of crypto charts is your first step toward smarter decisions.
Here’s your quick-start guide:
1. Candlestick Charts – The Language of Traders
Each candle shows 4 things: Open, High, Low, Close. Green means price went up, red means it dropped. Zoom out to spot trends, zoom in for entries.
2. Support & Resistance – Market Psychology
Support = price floor. Resistance = price ceiling. These are the zones where prices tend to bounce or break out. Mark them and trade accordingly.
3. Moving Averages (MA) – Trend Indicators
Use 50-day MA and 200-day MA to see if the market is bullish or bearish. Golden Cross? Bullish. Death Cross? Caution.
4. RSI (Relative Strength Index)
This momentum indicator helps spot overbought (>70) or oversold (<30) zones. Ideal for timing entries and exits.
5. Volume – The Hidden Confirmation
Price + Volume = conviction. Big moves backed by strong volume are more reliable. No volume? Be wary.
👉 Pro Tip: Binance Pro offer free charting tools to practice reading patterns.
Knowledge turns emotion into strategy. Start with charts, then build your instincts.
