#CryptoCharts101 đ #CryptoCharts101 đ
Want to master crypto trading? Start with understanding the charts â they tell you the whole story đ
Hereâs a quick breakdown of the basics:
đ 1. Candlestick Charts
Each candle shows 4 things:
Open
High
Low
Close
Green = price went up. Red = price went down. Simple!
đ 2. Support & Resistance
Support: Price level where buyers step in (price may bounce up).
Resistance: Price level where sellers dominate (price may drop).
Mark them â theyâre your best friends.
đ 3. Trendlines
Draw lines connecting highs or lows.
If itâs going up â itâs a bullish trend.
Going down? Thatâs bearish.
đ 4. Volume
High volume = strong move.
Low volume = weak or fake-out move.
Always check volume before entering a trade!
â ïž 5. Don't Guess. Read.
Charts aren't magic. They're tools. Learn to read them â not predict with hope.
đ„ Pro Tip: Combine chart patterns with indicators like RSI, MACD, or Moving Averages for more confidence.
đ Learn the language of charts and you'll stop trading blind.
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