#CryptoCharts101
Learning to read crypto charts is a game-changer for any trader. ๐๐
Hereโs a basic breakdown to get you started:
๐น **Candlestick Charts** โ Show price movements over time. Green = price up, Red = price down.
๐น **Timeframes** โ 1m, 5m, 1h, 1d, etc. Shorter timeframes = quick trades, longer = long-term trends.
๐น **Support & Resistance** โ Key levels where price tends to bounce or reverse.
๐น **Indicators** โ Tools like RSI, MACD, and Moving Averages help spot trends and momentum.
๐น **Volume** โ Measures how much is being traded. High volume = strong moves.
Practice makes perfect. Donโt just trade blindlyโread the charts!