🚀 How to read cryptocurrency charts on Binance: in simple terms
Many beginners open the chart on Binance and get lost in candles, lines, and numbers. Let's break down the basics without complications:
🟩 Candles — this is a way of displaying the price.
- Green candle = price went up
- Red candle = price went down
Each candle shows:
— opening price
— high
— low
— closing price
📈 Trend
- Uptrend: price is rising, candles are more often green
- Downtrend: price is falling
- Sideways: price is in a range
📊 Volumes
Displayed at the bottom. High volume = interest from traders. This is important!
👀 How to use it:
Open the chart on Binance, choose the timeframe (for example, 1 day), look at the trend and volume. This is the basis for decision-making.
🧠 Remember: the chart is not a prediction of the future, but a reflection of traders' behavior. Learn to read it — and you will understand the market better.