📊 How to read the trading curve (chart) on Binance? 🤔
Have you ever opened the chart on Binance and felt it was complicated?
Don't worry! In this post, I will simply explain to you how to read the chart and understand price movements.
🔹 First: What is the "chart" or trading curve?
It is a graph that shows you:
✅ How the price of the currency was in the past
✅ And whether it is currently in a state of rise or fall
🔹 Second: What do the red and green candles mean? 🕯
Each candle represents price movement over a certain period.
🔴 Red candle = the price dropped during this period
🟢 Green candle = the price rose during this period
Example: If you choose a 1-hour frame, each candle = price movement over one hour.
🔹 Third: What is the "time frame"? ⏱
The frame means: How long does each candle represent?
📌 Short frames like 1 minute, 15 minutes → benefit traders
📌 Long frames like 1 day, 1 week → benefit investors
🔹 Fourth: How do I distinguish if the currency is rising or falling? 📉📈
📈 If most of the candles are green and rising = uptrend
📉 If most of them are red and falling = downtrend
✨ Advice for beginners:
✔ Don't rush to buy just because the candle is green
✔ Monitor the chart for a while to see if the currency is stable or moving strongly
✔ Follow the news as well because it affects the price
#تعلم_التداول #Binance_للمبتدئين #قراءة_الشارت #CryptoArabic