#CryptoCharts101

✅ 1. Identify the Trend (Don’t Swim Against the Current)

🔍 What to Look For:

• Use moving averages (EMA or SMA) – for example, the 50 and 200-period.

• If the price is above the moving averages and they are trending upward: we are in an uptrend.

• If the price is below and the averages are trending downward: we are in a downtrend.

🧠 Why It Matters:

Entering against the trend is risky. Even a good project can drop if the overall market is bearish.

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✅ 2. Volume = Validation

🔍 What to Look For:

• If a strong price move is accompanied by high volume, it’s more reliable.

• If volume is low, the move may be fake (fake breakout or pump & dump).

🧠 Pro Tip:

On TradingView, activate the “Volume” indicator at the bottom and always compare it with price movements.

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✅ 3. Support and Resistance = Key Zones

🔍 What to Look For:

• Support zones are where the price tends to bounce (strong buying).

• Resistance zones are where the price often stalls (strong selling).

🧠 How to Use Them:

• Enter trades near support levels.

• Consider taking profits or being cautious near resistance levels.

• You can draw them manually or use tools like Fibonacci Retracement.

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🎁 Bonus: Don’t Rely on a Single Timeframe

• Always check multiple timeframes (e.g., daily for trend, 4h for trades).

• Sometimes a chart looks bullish on the 1h, but on the daily, it’s clearly in a downtrend.