#CryptoCharts101 📊#CryptoCharts101 📊

One of the most important tools that every trader must understand are support and resistance lines. These lines are used to identify levels from which the price frequently bounces, both upwards and downwards.

Let's take the currency $SOL as an example. Looking at the daily chart, we notice that the price has bounced multiple times from a strong support zone at $130. Every time the price reaches this level, demand increases and the currency rises. Conversely, we find strong resistance at $160, where sellers begin to exert pressure on the price.

📈 Learning to draw these lines manually will help you make more accurate entry and exit decisions, away from randomness.

Always remember: the chart does not lie, but those who do not understand it... lose!