#BinanceABCs DISCOVER THE LANGUAGE OF MONEY, THE ART OF READING CHARTS. 📊
$RESOLV 📌 $LIGHT 📌 $FHE
RESOLVUSDT
Perp.
0.09627
+38.59%
Imagine that crypto charts are not complicated numbers, but the trace of an epic fight that never ends. When you open Binance or TradingView and see all those red and green candles, what you are actually seeing is a battle between two groups: those who believe that the project is going to the moon and those who decide that it's time to take the money home.
If you look at the candles, the fat body tells you where the price won, but pay close attention to the "wicks", those thin lines that stick out above or below. The wick is like the trace of a failed attempt; if you see a long wick above, it means the price rose strongly, but the sellers grabbed it and pushed it back down before the candle closed. It's like the price tried to jump and got hit against the ceiling. That's why long wicks above are usually a sign that momentum is running out and buyers are getting tired.
You don't need to be a genius to understand the trend; just take a step back and look at the complete picture. If the peaks are getting higher, you're going uphill and the current is in your favor, but if the peaks are going down, the market's gravity is taking its toll. The most fun part is learning to see the floor and the ceiling. Think of the price being trapped in a room: when it hits the floor, buyers jump in because they feel the coin is a bargain, which makes the price bounce, but when it hits the ceiling, people get scared that it has risen too much and they start selling. The secret of those who make money is to wait for the price to break that ceiling with great strength; when that happens, it's like going up to the next floor of the building, and what used to be your ceiling is now your new solid floor to keep rising.
🔖 If the long wick is below, it's the opposite scenario and usually great news for those looking to buy. Imagine the price took a dive downwards, but as soon as it hit the bottom, a bunch of buyers appeared with strength and pushed it back up in one go. That long wick below is like a 'rejection' of low prices; it tells us that there are many people interested in protecting that level and that the market doesn't want the price to fall further. It's like the price bounced on a trampoline: the longer the wick below, the stronger the buyers' impulse to regain the ground.
Lastly, remember that volume is the market's lie detector. If you see the price rising but almost no one is trading, it's a trap, but if the price rises and volume explodes, it's because there is real conviction behind it. At the end of the day, reading charts is simply learning to listen to what the market is screaming at you without saying a single word, so don't complicate yourself with a thousand indicators, just follow the trail of money and always respect the floor.
🖇️ The world of cryptocurrencies is full of opportunities for those who dare to learn and have the patience to observe; your financial future is yours if you educate yourself today.
If you want to keep learning to master the market and not miss any opportunity, follow me 😉❤️ and let's form the best investor team together. Don't risk your real capital without practicing first: join the Futures Demo on Binance today, where you can test these strategies without fear and become an expert before making the big leap.
📚 What has been the "ceiling" or resistance that has made you suffer the most in your trades, or have you already managed to break it and rise to the next floor?
