📊 How can you tell when a cryptocurrency is going up or down?

If you’ve already learned how to buy and sell cryptocurrencies, it’s now important to learn how to read the price before making a transaction.

🟢 When the price goes up

On Binance, you can see that the price of a cryptocurrency increases. For example:

BTC:

- Buy: $100

- Current price: $103

- Change: +3%

In this case, the price has gone up.

🔴 When the price goes down

If you bought a cryptocurrency for $100 and its price drops to $97, you would be seeing a decrease in price:

Variation: -3%

This doesn’t automatically mean you’ve permanently lost the money. The loss becomes real when you sell below your purchase price.

📈 Learn how to read the chart

On Binance you’ll find a chart with candles. Each candle represents the price movement during a specific period.

🟢 A green candle generally indicates that the price closed higher than where it began that period.

🔴 A red candle generally indicates it closed lower.

You can also change the chart timeframe to observe minute, hour, or day movements.

💡 Tip for beginners

Don’t buy a cryptocurrency just because you see it going up.

Before trading, review:

✅ Current price

✅ Percentage variation

✅ Chart

✅ Trading fee

✅ Amount you’re going to use

✅ Price you’d be willing to sell at

And remember: cryptocurrencies can rise and fall quickly.

🎯 In the next part

We’ll learn what “buy price,” “sell price,” and “profit or loss” mean—fundamental concepts to start trading with greater clarity.

📚 Series: Binance for beginners

Part 15 — Learn how to identify when the price goes up or down.