#CryptoCharts101 â Read the Charts or Get Left Behind đđ
If you're trading without understanding charts, you're just guessing. Here's how to read the story price is trying to tell:
đč Candlesticks â Each candle shows 4 data points: Open, High, Low, Close (OHLC).
â Green = bullish (price went up), Red = bearish (price went down).
â Watch for wicksâthey reveal volatility and rejection.
đč Support & Resistance â
â Support = price floor where buyers step in.
â Resistance = ceiling where sellers take over.
â Breakouts from these zones often signal big moves.
đč Trend Lines & Channels â
â Draw diagonals connecting highs or lows.
â A rising trend = strength, falling trend = weakness.
đč Volume â
â Confirms moves. Big candles + high volume = conviction.
â Weak volume = fakeouts likely.
đč Indicators (use sparingly):
â RSI (overbought/oversold), MACD (momentum), EMAs (trend direction).
Pro tip: Donât rely on one tool. Combine signals, zoom out, and think in probabilitiesânot guarantees.
#CryptoCharts101 #TABasics #TradeSmart #ChartLikeAPro