Trading price channels and support/resistance in low volatility markets can be an effective strategy to capitalize on small price movements while minimizing risk. Here's a breakdown of how these techniques can be used in low volatility markets:

1. Price Channels: Price channels are created by drawing two parallel trendlines around the price action. In a low volatility market, the price tends to move within a narrow range, bouncing between the upper and lower trendlines of the channel. Traders can look to buy when the price hits the lower trendline and sell when it hits the upper trendline.
2. Support/Resistance: Support and resistance levels are areas where the price has historically struggled to break above or below. In a low volatility market, these levels can be especially important as the price may not have enough momentum to break through them. Traders can look to buy when the price approaches a support level and sell when it approaches a resistance level.