#CryptoCharts101
📈 Crypto Charts 101: Learn to Read Before You Trade 🧠💹
Understanding crypto charts is crucial for smart trading decisions. Here’s a quick breakdown to get you started:
🔸 Candlestick Charts – Each “candle” shows the price action within a time frame (e.g., 1h, 1d). Green = price went up. Red = price went down.
🔹 Volume Bars – Show how much of the asset was traded. High volume = stronger signals.
🔸 Support & Resistance – Horizontal lines that mark where price tends to bounce or get rejected.
🔹 Indicators – Tools like RSI, MACD, and Moving Averages help identify trends and momentum.
💡 Pro tip: Don’t rely on one signal. Use a combo of patterns and indicators to build confidence.