🧵 Part 19: How to identify supports and resistances on a real chart? 📊

Now you know what they are, it's time to learn to see them yourself step by step.

You don't need to be an expert to detect them. Let's go with clear examples. 👇

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1️⃣ Step 1: Open a chart (e.g., BTC/USDT)

Use TradingView or directly on Binance.

Choose 4H or 1D candles for a clearer view.

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2️⃣ Step 2: Look for areas where the price bounces multiple times

🟢 If the price dropped and bounced multiple times at the same level = support

🔴 If the price rose and was rejected multiple times at the same point = resistance

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3️⃣ Step 3: Draw horizontal lines

📏 Use the horizontal line tool and mark them where you see those bounces.

They don’t have to be exact to the millimeter, they are areas of interest, not fixed prices.

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4️⃣ Step 4: Observe the price reaction

✅ If the price approaches the support and rises → valid support

❌ If it breaks through forcefully → that support can now turn into resistance

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5️⃣ Key advice:

📌 The more times the price has bounced in an area → the stronger that support/resistance.

Avoid trading in areas without clear references.

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💡 Bonus: If you combine supports/resistances with volume or rejection candles, you improve your analysis.

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📚 In Part 20: How to use supports and resistances to make buying and selling decisions

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