--- title: 'How to Make Your First Crypto Trade | Crypto Trading for Beginners' source: 'https://youtube.com/watch?v=RfaQSL1ueTA' video_id: 'RfaQSL1ueTA' date: 2026-07-15 duration_sec: 1362 --- # How to Make Your First Crypto Trade | Crypto Trading for Beginners > Source: [How to Make Your First Crypto Trade | Crypto Trading for Beginners](https://youtube.com/watch?v=RfaQSL1ueTA) ## Summary This video is a beginner's guide to crypto trading, focusing on the concept of support and resistance. The presenter explains how to identify these levels using daily candles and demonstrates how to draw them on the CoinDCX platform. He also shows a basic trade entry and exit on mobile, emphasizing that this is a foundational strategy, not a full-proof one. ### Key Points - **Agenda: Beginner Trading Strategy** [00:02] — The video aims to teach beginners how to take their first trade in crypto, focusing on support and resistance as a core strategy. - **Price Prediction is Key** [01:10] — Trading success depends on predicting price movement. Support and resistance help define a price range for prediction. - **Defining Support and Resistance** [03:05] — Support is the lower price level where the price tends to bounce, resistance is the upper level where it tends to reverse. These create a trading range. - **Bouncing and Breaking** [05:00] — Price often bounces off support/resistance, but can also break through. Beginners should focus on bounce trades first. - **Candle Anatomy** [08:25] — Each candle has open, high, low, close. Green candles indicate price increase, red candles indicate decrease. - **Drawing Support/Resistance from Daily Candle** [10:42] — For intraday trading, draw four horizontal lines based on the previous day's candle: high, low, open, close. The two upper lines are resistance, lower are support. - **Using Smaller Timeframes for Entry** [15:04] — While daily candle sets the range, entry decisions should be made on smaller timeframes like 4-hour, 30-minute, or 15-minute charts. - **Trading Decisions Based on Support/Resistance** [16:00] — When price hits support, consider a long entry; when it hits resistance, consider a short entry. This is a basic strategy, not full-proof. - **Mobile Trade Demonstration** [18:30] — The presenter shows how to place a trade on CoinDCX mobile app, including setting leverage (5x), stop loss, and take profit. - **Conclusion and Next Steps** [20:55] — Viewers are encouraged to practice drawing support/resistance and ask questions. Future videos will cover entry/exit strategies. ### Conclusion Support and resistance are foundational concepts for beginner crypto traders. While this basic strategy can help identify potential entry and exit points, it is not sufficient alone; further learning and practice are essential. ## Transcript ? How to take the first step? How to do beginners trading? Hey brother, How to do beginners trading? Hey brother, agenda today. Today we were able to talk about this. A newcomer who has just entered seen that there is money to be made in crypto trading. Bhaiya, a lot of people are making money in crypto. How did he earn it? So today, from a beginner's perspective, I am going to tell you from a beginner's perspective, I am going to tell you demonstrate everything one by one on the screen and in the end I will also demonstrate it on the mobile and take a trade. I will also tell you what the strategy should be for that. Ok? So what is our agenda? What should be the trading strategy for beginners ? Look, just look, trade anywhere. Trading strategies are different for everyone and there are many of them. But the strategy we are going to talk about today is a strategy that every beginner needs. Be it a beginner or an expert, everyone needs it. Support Resistance. Every person uses support resistance, brother. Every trader uses it. And it is important for a new person to understand support resistance because without it you will not understand. What will you not understand ? Let me explain this. See, what happens? When we trade, who do we trade When we trade, who do we trade ? Whether we trade crypto or stock market, forex , wherever you trade, you basically try to track the price. Ok? Whether the price will go up or the price will go down or the price will keep moving around. Isn't it ? That's it brother, I have to track the price. Because if I am able to track the price, it means I am able to tell the price in advance that brother, the price will go up first and I take the trade and go long, it will go up. I said it and went up and made a profit. And I said the price will go down and I took a short position. Do you know when we make long? Price will go up as we speak. So, similarly, if we said that the price will go down and we created our short position, then you will get profit but just the opposite of it. Ok? So overall we have to track the price brother. The price has to be predicted. If I am able to predict the price correctly then I will make money in trading. If I predict the price wrong, I will not make any money. Now to predict the price, you will first have to understand one thing. Price: Suppose you are trading in a coin or something and its pricing is ₹100 right now, then first of all you have to understand that what I am trading today, what I am trading today, can the I am trading today, can the price go up to ₹110 today and if it goes down, can it go up to ₹90? First of all, if I am doing intraday trading, then first of all I will have to decide the boundary that brother, how far the price can go up and how far it can go down. I have to decide this boundary. how far it can go down. I have to decide this boundary. we decide the boundary that brother, this is the upper limit and it will not go above 110 today. The lower limit is it will not go below 90 today. So I got the boundary that now I have to predict the price between this whether the price is going to remain at 88 or 105 or it is going to come at 90. Where is it going to come and where am I going to take the trade. Basically my scope has been decided. If you have not decided this range then you do not know brother, can the price go to 60 also? Can the price go up to 150? Sorry, can it go to 150 also? I do n't know where you will keep catching the price. So first of all it is important to decide a range, that is I should decide a range of price. We call this range support and resistance. Meaning, what I told you is that the current price of ₹100, if it can go up to 110, that is the maximum price, and down to 90, that is the maximum, that is the lowest price. So I decided this scope. Now this range is called support for the lower one and resistance for the upper one. Support means the price will not go below 90. This becomes the support level and the price will not go above 110. This became resistance. Well, why is it important to understand support and resistance? Yes. Now come here. The first objective of understanding support and resistance is to be able to decide on a range. catch the price. The price has to be predicted. So first of all I have to understand how far up and how far down. Meaning I have decided the scope. The I have decided the scope. The second objective is that Sir, when you have understood the support then what is the normal tendency ? You must have seen ? You must have seen roof in the air, what will happen if you hit it on your roof? So it comes down at that speed. So sir, this one does the work on the roof and this one works on the ground. When the price moves towards support, it is observed that it bounces based on past records. It bounced like a ball. So if I have found out support. If I know that the price bounces after reaching the support, then this will become my entry point. Meaning I will long here, right? Now I see it falling here and coming near the support. Meaning the price will jump from here. So I found out this point. Found out. Now the price will go up from here and I took the trade here. Well, if the price goes up and reaches here, I know that this is the resistance point. Then I know the price will come down so I will make an entry here. I will make a short here. I will take a short position on the downside. And here if according to me the clever man falls then it will be beneficial brother. Well, now it does not happen here that if it hits here it will fall down. Many times it collides and tears up, brother. It is possible that you hit the ball so hard that it broke the roof and went up. You hit the ball so hard on the ground that it went into the underworld. Are? So into the underworld. Are? So this also happens here. So the price should break and go up. Here the price should break below the ground level. Sir, we will discuss all those cases later. I am going to bring the entire series for you. Beginner, I will explain everything slowly, slowly, slowly. Today we will understand the condition of bouncing back from here and the we will understand the condition of bouncing back from here and the condition of tearing it above and tearing it below in the next session. Ok? Support and resistance are the first things you need to find out. Look, I am going to explain it to you by taking absolutely beginner baby steps. Okay, right? So now our objective is to understand support and resistance. How to identify and understand support and resistance ? So for that I have come to the Coincx screen and here as soon as you log in, this is the first screen that will appear in front of you. Well, do screen that will appear in front of you. Well, do loss because we have created such a customized link for you, which is also given in the description and pin comment, through which if you sign up on NDCX, then when you do trading, you have to pay brokerage of 20%. Save 20% on brokerage for up to 1 month. Ok? So if you want to save that 20% brokerage then going to Google, Play Store or App Store. You will be at a loss. Okay, right? So here we are on the screen of Coin DCX. Now when you come to the Coin DCX screen, first of all you get the option to select the coin. Which coin do you come here in? So here we have selected Solana. Correct? Let me also tell you why I have chosen Solana. Along with that, look here you will see a blue icon. Click on the blue colored arrow. When you click on this blue colored icon, so many options appear before you. Why are we doing these options? Sir, we are doing these options because of the trend line we will create. Many people ask, how do you draw a trend line, sir? Tell me all that. So all those options are from here. Now we will also tell you how to use it. Now first of all, this is a basic principle of drawing support and resistance. Let me tell you about this also. The basic tell you about this also. The basic principle is that before understanding support and resistance, you should know a little about candles. Let me give you a quick overview of the candle. Then I will come to the point. Sir, suppose any candle is a green candle, there are two candles, green candle, there are two candles, one blue, sorry, one green candle, one red candle, red green candle. When the price is about to go up, when the price is going up, then a is formed. When the price is going down, then a red candle is formed. Sir, whenever there is a green candle, candle is formed. Sir, whenever there is a green candle, you will see that it has an opening point, you will see that it has an opening point, okay, suppose it starts from ₹100, okay ? Price and it ? Price and it closed higher at ₹110. We accepted it but it opens at ₹100 and then writes ₹110 here. Here we have written 110. The price opened at ₹100 and went up to ₹110. But between the candle opening at ₹100 and closing at ₹110, two more things happen. Sir this makes the price a lower one. Take the lower. more things happen. Sir this makes the price a lower one. Take the lower. Ok? It is possible that the price went up to ₹90 and it is possible that the price went up to ₹112. It went up to ₹90 and went up to ₹112. But it did not stop there. Where did you stop? Coming to 110. So it opened at 100. It stopped at 110, brother. So what happens here? We call this So what happens here? We call this open and we call this close. We call this high. Ok? And we tell him to take it. Correct? This is the case with a green candle when the price is going up. But when this red candle is being formed, the red price comes from top to bottom. So from top to bottom, we will call this area open. The price opened from here. And we will call this close. Here the price closed and it is close. Here the price closed and it is low and it is high in the same manner. Correct? So the basic funda of drawing support and resistance is this, sir, that if you are doing intraday trading, you take out the 1 day candle of the previous day and suppose the 1 day candle of the previous day, if the 1 day candle of the previous day is formed like this, then you have to draw four trend lines. Draw a line here. Draw a line here. Draw a line here. Draw a line here. These two resistances will become yours. These two supports will become yours. Now if you have done this on a daily basis, then you will see that the next day, that is, if we have drawn this line with yesterday's candle, then you will see that today the price will keep moving around this. This will act as resistance. Both this and this will serve as support. In maximum cases. Look, a chart is a prediction. Charts are never a surety. So it can never happen that whatever we have said, whatever the concept is, it will be exactly like that. No no chart prediction. Correct? So now we come back to the coin D6 screen. Brother, you go away. Here we are on the Coin D6 screen. What we said was that we will take candles for one day. What we said was that we will take candles for one day. So here we So here we take the time frame of one day quadle. What happened by taking one day one day ? All these candles that you are seeing are daily basis candles. Meaning one candle is representing one day. Look, the green candle that you see at the bottom is moving, this is today's candle. This red candle is tomorrow's candle. So I want to trade today. Today I am sitting down to trade. So to trade today I should draw support and resistance at the base of yesterday's candle. So what do we have to do? What we have to do is brother, we have to draw support and resistance on the base of yesterday's candle. brother, we have to draw support and resistance on the base of yesterday's candle. bigger, a little bigger so that it can be seen clearly. Let's make it a little bigger. Ok ? This is yesterday's candle because we have taken it on daily basis. Correct? Now look at this blue one, as the blue one is coming. Similarly, it will come in your laptop also. I will come here. Come on the arrow of this long line. You have to take a horizontal line by coming to the arrow. You have selected it. Now wherever you place it, a horizontal line will appear. I put the top one on first. Look, it has come down. Many times it happens that This is touch, right? If you do it on laptop etc. then there will be no touch. So there is some problem due to touch. So no problem, we will take it upstairs and keep it there. Where have we kept this? There were four parts to a candle at high. Where have we kept this? There were four parts to a candle at high. High, low, opening, closing. So we put it on high. Since this is resistance, we kept its color Since this is resistance, we kept its color red. You can take any color. We'll take one more. We will create resistance here also. We take another one. Hey come on. We took another trend line. Put it back here. We took another trend line. Put it back here. And take it back. You see this is a red candle, which means this is the opening price. So we have decided the opening price. I have n't decided. This is telling. Now we'll put one here telling. Now we'll put one here and one here. Come on brother, come. Basically, there is a slight problem in touch. I took it here. Ok? I change its color. You can change the color from here. We called it support, so we made it a green line. You have to take another one like this. line came. Now I will set this line here. Here I come here and set it. What did I do? I set four trend lines on the high low opening closing of one day candle. I called these two resistance. I called these two as support. Ok ? Now the next day i.e. today, I found the ? Now the next day i.e. today, I found the Now I have to trade today, so I will see whether today's market is moving on the basis of this support and resistance. I will see whether today's market is moving on the basis of this support and resistance. But if I look at it in day candle you will not trade. To take trading decisions you have to look at smaller time frames. You will not enter after seeing the day candle, right? You have to take entry in the smallest time frame. First of all you watch 4 hours. If you watch for 4 hours. Come brother. If we watch 4 hours then yes brother, these two lines are made by me. The market is moving between these two lines of resistance and these two lines of support in 4 hours. If I watch for 15 minutes, even in those 15 minutes I see that yes brother, exactly the same thing is happening. The market is moving amidst this. I think you might be having trouble seeing it. But you see, let's show you only for 15 minutes, I will take 30 minutes and show you. So it will look a little clearer. entire market is revolving within it. Meaning one candle is of 30 minutes. Ok? Now the question arises that how should I take trading decisions ? Look what we said in the beginning, when the price goes to the support, it bounces once. When the price reaches a good resistance, it hits it and comes down once. You see, has n't the same thing happened every time? Sir, whenever I have gone here, the price has gone down drastically. Then he went upstairs. Then it has come down. Then went upstairs. Well, when it hit two supports below, we said that this was one support, the price hit it and did not go above it, it broke and came down, many not go above it, it broke and came down, many people call it breakdown. Many people call this a breakout of the bottom. Ok? So look the price went down. But this support worked. The price bounced back from this support. Did came back down. Meaning, look here, this support has worked. Here it went back with support. So you see, when the price hit the support, it went up; when it hit the resistance, the price came down, so you are not seeing this happening, so this means what we talked about in the beginning that if we identify which is the point of support, then I can open a long position from there, which is the point of resistance, I can open a short position from there, isn't it done brother, now your question arises that if I know the point of support and resistance, then can I take a trade there, I can take it, I can here, see the same thing has happened here, see the same thing has happened there, see the profitable. If you had taken it long, it would have been beneficial. Sorry, if someone had benefited. It would have been beneficial if you had gone long here. strategy? Should we do all our trading on this basis ? No no no it is not like that. for beginners, if you are doing trials for testing, sorry, if you are doing trials of trading, if you are learning trading, then it is good for you. But this is not a full proof trading strategy. There are high chances of loss in this. In the next session we will discuss a full proof trading strategy. How do we create an entry ? How to make an exit? Right now you should definitely try this. Look, in the beginning some money will be wasted in the trial, brother. So this trial, if you don't know how to draw this line wine, then draw this line one. Try taking a half trade weight. Try some tricks. If you make a profit by chance then it is fine, otherwise there will be loss. Let me take an entry and show it to you on the phone because it's better to see you here than here. If you are doing this on a laptop then this is good for you to see. It convenient. So let me show you by doing it on the phone. Ok my screen recording is done, let me open coin dcx, okay coin dcx, as you open it, you have to go to the fno section, look at the bottom right side, you can see fno, I clicked on fno at the bottom, as soon as you click on fno, whatever coin was last selected, it will appear to you, see here by default Solana is selected. If you click on Solana, you will get different coins. Let's suppose I take some other coin here. I select xRP. Now xrp has arrived. I'm doing this just for dummies. Right now I have not created any entry or exit. I am just showing you how you can take entry trade and how you can take exit trade. Let's take a trade in xRP. Ok? Take it at a leverage of 5x. You see, leverage is selected on the right side. You can take as much as you want, 5x, 10x. Keep it 5x. That's fine. Taking more than that is a bit risky. 5x not take limits. We buy it from the market only. Ok? We select the size. Let's suppose my margin is currently Rs 21,000, see the margin shown below. Meaning the capital that is going out of my pocket is 21,000. Since the margin is 5x, ₹1 lakh will be required for trading now. Now from here you can decide stop loss etc. Let's suppose you say to take 5% profit. So if 5% profit is taken then the profit will be Rs 1000. Showing below. And let's suppose you say to take a stop loss of 5%. So there will be a loss of Rs 1000 also. This ratio does not work like this that brother, the loss is equal to the profit. So let's say we increase the profit to 10%, then it will take a profit of 2000. This 10% means as soon as there is a profit of 2000, it has written 2100, as soon as it reaches 2100, it will automatically close the position and as soon as we have kept the stop loss at 1000, as soon as there is a loss of 1000, it will automatically close the position. Some people say that brother, one has to remain engaged in trading, one has to sit and watch day and night, no no, once you have made the right entry in trading, then pull the pillow and sheet and go to sleep, if there is profit, it will book it, if there is loss, it will also book it, the hard work is enough till the entry is made correctly. Ok ? Now I will make the entry to show it. I confirmed it. I told them here about stop loss and target and how much they want to take. I will buy long. Buy long as I did, see the brother. Now the trading wedding started. Look, it's going on. This is a profit of ₹9 , a profit of ₹14. Ok? I do n't want to keep trading this. I will close this as well. -19 also happened. This is the game of crypto, brother. It moves so fast that game of crypto, brother. It moves so fast that both profit and loss are made in a jiffy. Ok? I'll close this. The close button is here. I closed it. So this trading position of mine got closed. Ok? So today, from a very beginner's perspective, I explained to you how support resistance keys are formed? What happens? How to draw support resistance ? How does this work on the chart of the coin DCX ? And why should you download Coin DCX? Use the link we have given in the description so that you can save 20% brokerage. Ok? Don't download from here and there. And how do these work ? Now you do one thing. You can start writing whatever questions you have related to your trading journey in the comment box. will make the entire series. How to trade crypto? Everything from basic to advanced. Today understand that we have talked about A B C D. Sinha, we have created a playlist of crypto. Go to the playlist. We haven't made many videos about crypto. You can watch all the videos we have made on crypto and it is still going on. This will continue. writing to us in the comment box. Brother, just shower the questions in the comment box. I will answer every question. I promise I will answer every question, brother. Rest of our team keeps on providing trade recommendations etc. to people on Crypto Telegram. So you can connect from there also. You must practice the trade there. Our team also conducts regular classes there. There are free of cost classes. Our team is getting all this done. She is also teaching. She is also making We have also put its link in the description and pin comment. So what do you do From the link we provided and our Telegram channel with crypto. I am talking about the crypto guy. There are two Telegrams. One is main and one There the team will keep guiding you and teaching you. Ok? Rest in the next session we will talk further about how to make an entry brother? What strategy should be adopted for making entry and exit? Ok? So that's it for today