#CryptoCharts101
📉 #CryptoCharts101 – Decode the Charts, Master the Market!
Reading crypto charts is crucial for smart trading. Here's what you need to know:
📊 1. Candlestick Charts – Each candle shows price movement within a set time. Green = up, red = down.
📅 2. Timeframes Matter – 1D for long-term trends, 15m for quick trades. Zoom out before you zoom in.
📈 3. Support & Resistance – Key price levels where buyers/sellers often react.
⚙️ 4. Moving Averages (MA) – Smooth out price data to spot trends (e.g., 50-day MA, 200-day MA).
💡 5. Volume – Confirms price action strength. Big moves with low volume = caution!
Chart-reading is a skill—practice daily and track your insights.
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