#CryptoCharts101 Among the most important tools that every trader must understand are the support and resistance lines. These lines are used to determine the levels where the price often bounces, either up or down.

Let's take the example of the $SOL currency. Looking at the daily chart, we notice that the price has rebounded several times from a solid support area at $130. Every time the price reaches this level, the demand increases and the currency rises. On the other hand, we find a strong resistance at $ 160, where sellers are starting to exert pressure on the price.

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