The easiest way to mark supports and resistances
If you've ever wondered how to know where the price might bounce, here’s a simple 3-step method:
1️⃣ Look at the chart and find areas where the price has bounced several times. It doesn't have to be exact; just identify the key areas.
2️⃣ Draw lines or zones at those levels. Don't obsess over millimeter precision; what matters is the price reaction.
3️⃣ Use them as a reference. If the price approaches one of these zones, observe what it does before entering a trade.
🔹 KEY FACT: When a support is broken, it often becomes resistance (and vice versa). That can give you clues about what the price will do.
If you're learning, try doing this on a chart and send me the picture if questions arise💪🏼
