YOU ARE A NEWBIE SO DO YOU KNOW ABOUT RESISTANCE AND SUPPORT POINTS OF THE PRICE LINE?

THE SIMPLEST WAY IS:

⭐SUPPORT LEVEL: Price zone where buying force is stronger than selling force, causing the price to bounce up.

⭐RESISTANCE LEVEL: Price zone where selling force is stronger than buying force, causing the price to fall back.

💻SO HOW TO DETERMINE IT?

⭐SUPPORT LEVEL:
1. Previous highs and lows: Look at previous price declines, look for where the price stopped and bounced. These are support levels. For example, if the price fell to $1 and bounced back from this level multiple times, that is a support level.

2, Trendline: If the price is in an uptrend, you can draw a trendline connecting the lower lows. This line can act as a dynamic support level.

3. Technical indicators: Use indicators like Moving Averages or Bollinger Bands. If the price touches these lines and bounces, they can act as support levels.

⭐RESISTANCE LEVEL:
1. Previous Top: Look for tops where the price has risen and then reversed down multiple times. For example, if the price has reached $2 and reversed down from there, this could be a resistance level.

2. Trendline: In a downtrend, you can draw a trendline connecting the higher peaks. This line can act as dynamic resistance.

3, Technical indicators: Indicators such as RSI (Relative Strength Index) or Fibonacci Retracement can help identify resistance zones when they show the market is overbought or has encountered natural resistance.

SEE EXAMPLE IMAGE WITH $PEPE

⭐SUPPORT LEVEL: 0.000008$USDC

⭐RESISTANCE LEVEL: 0.000012$USDC