Drawing support and resistance levels is a powerful yet simple skill that every crypto trader should master. To identify support, look for price points where the asset repeatedly "bounces" upward after falling — these areas indicate strong buying interest.
Resistance, on the other hand, marks where the price tends to stall or reverse when moving up, showing selling pressure. Use historical price data on the chart (preferably with the candlestick view) to spot these horizontal zones. The more times the price touches these levels without breaking through, the stronger they are considered. Combining support and resistance with indicators like RSI or volume gives even greater confidence in your trades.
Tools like TradingView make this process easy with precise drawing features!