What does the Perps price chart mean?

(I) Perps Price Chart

A perps price chart is a graphical representation of price movements and trading activity for a specific perpetual contract over time.

The trading chart typically displays price data in a time series format, allowing traders to visualise how the price of the perpetual contract has changed over a specified period.

This chart includes several key features:

1. Candlestick Patterns: These are the red and green bars on the chart, which shows the opening, closing, high, and low prices within specific time frames (e.g., 1 minute, 5 minutes, 1 hour, etc.). Traders can identify upward (bullish) or downward (bearish) trends based on price movements over time.

2. Volume and Open Interest: Indicators of how actively the perps are being traded and how many contracts are currently open.

3. Timeframes: The numbers showing time on top of a price chart typically represent the time intervals for the data displayed in the chart. The numbers often correspond to specific time intervals, such as minutes, hours, days, or weeks. For example, a number like "1D" might indicate that each candlestick or bar on the chart represents one day of trading data.