#CryptoCharts101 #CryptoCharts101

Do you know what to use them for? I use them as antidotes to FOMO and FUD.

Charts are fundamental tools in crypto trading, as they allow for the analysis of historical price behavior and the prediction of future movements. Proper interpretation improves decision-making when buying or selling assets. Three key aspects to consider:

1. Trend: identify whether the market is rising, falling, or sideways. Following the trend helps avoid trades that go against the general flow.

2. Support and resistance: areas where the price tends to bounce or break. These zones mark critical levels for entering or exiting a trade.

3. Volume: confirms the strength of a trend. High volume validates movements; low volume may warn of false breakouts.