🧠 Introduction

Many traders prefer Line Charts because they remove noise and focus only on closing prices. This makes it easier to identify key Support and Resistance levels clearly.

đŸ”č What is a Line Chart?

A line chart connects closing prices over a selected timeframe.

Unlike candlestick charts, it does not show wicks or intraday volatility — just the market’s final decision (closing price).

Example assets traders analyze:

Bitcoin (BTC)

Ethereum (ETH)

BNB (BNB)

đŸ”č How to Identify Support on a Line Chart

📌 Step 1: Switch chart type to Line

📌 Step 2: Look for areas where price repeatedly stops falling

📌 Step 3: Draw a horizontal line across multiple touches

If the price reacts several times at the same level, that area becomes strong support.

đŸ”č How to Identify Resistance

📌 Find levels where price repeatedly fails to break higher

📌 Connect the rejection points

📌 Mark horizontal resistance zones

The more touches, the stronger the resistance.

đŸ”„ Why Line Charts Work Well for S/R

✅ Cleaner structure

✅ Less fake breakouts from wicks

✅ Better for beginners

✅ Clear trend direction

📊 Simple Trading Strategy (Educational Only)

Buy near strong support

Sell near resistance

Wait for breakout confirmation

Use stop-loss below support

📌 Pro Tip

If support breaks with strong volume, it often turns into resistance (Support-Resistance Flip).

🎯 Conclusion

Line charts help traders focus on market structure and psychology. By marking repeated reaction levels, traders can easily identify high-probability support and resistance zones.

#TechnicalAnalysis #SupportAndResistance #CryptoTrading #BTC #ETH #BNB