How to Read Token Charts
Technical analysis basics every Solana trader needs to know. From candlesticks to patterns.
🕯️ Understanding Candlesticks
Candlesticks show four key prices for each time period: Open, High, Low, and Close (OHLC).
Green/Bullish Candle
Price closed higher than it opened. Buyers won this period.
Red/Bearish Candle
Price closed lower than it opened. Sellers won this period.
The body shows open-to-close range. The wicks (thin lines) show the high and low reached during that period.
📊 Support & Resistance
Support is a price level where buying pressure tends to overcome selling. Think of it as a "floor" that price bounces off.
Resistance is where selling pressure overcomes buying. It's a "ceiling" that price struggles to break through.
💡 Pro Tip: When support breaks, it often becomes resistance (and vice versa). Watch for these "flip" levels.
📈 Volume Analysis
Volume shows how many tokens were traded. It confirms the strength of price moves:
- ↑Price up + High volume: Strong bullish signal, real buying interest
- ↑Price up + Low volume: Weak move, might not sustain
- ↓Price down + High volume: Strong selling pressure, bearish
- ↓Price down + Low volume: Lack of conviction, could reverse
🎯 Key Patterns to Know
W-Pattern (Double Bottom)
Price makes two lows at similar levels, then breaks up. Bullish reversal signal.
Learn more →M-Pattern (Double Top)
Price makes two highs at similar levels, then breaks down. Bearish reversal signal.
Bull Flag
Strong move up, then consolidation in a channel. Usually continues upward.
Bear Flag
Strong move down, then consolidation. Usually continues downward.
⏰ Timeframes Matter
Different timeframes tell different stories:
- •1m-5m: Scalping, very short-term trades. Noisy.
- •15m-1h: Day trading. Good for memecoins and active trading.
- •4h-1d: Swing trading. Clearer trends, less noise.
- •1w+: Long-term investing. Major trends only.
⚠️ Tip: Always check multiple timeframes. A bullish pattern on 5m might be noise in a bearish 1h trend.
🔧 Chart Tools
- ✓DexScreener: Best for Solana token charts, real-time data
- ✓GeckoTerminal: Good alternative with similar features
- ✓Birdeye: Solana-specific with holder analytics
- ✓Wallet Bot: Built-in charts with whale activity overlay
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