Fold sweaters and knit garments instead of hanging them. Hanging them can distort the shape of the garment.
I cut a piece of framer's mat board to fit the depth of my dresser drawers (less an inch) and trimmed it to 1/4 the width (again, minus one inch). When I fold a knit I put the mat board in the center of the garment, flush with the upper edge. Then I fold the sides in, one at a time. After that, I kind of look at what I'm folding, and I decide if I have to fold it twice or just once to bring the bottom edge up to the top, I fold it carefully so the final edge is even with the top edge of the garment. And THEN-- I carefully slide my board out of the top, slip it under the whole thing, and carry it to the dresseer drawer, where I slide it into the drawer like sliding an omelet onto a plate.