Price just rejected the POC heavilly, looking for buys
The red line is the Point of Control of the Volume Profile, witch means where market participants have been the most active in the market (most volume). It is considered as strong support in an uptrend.
Here Price just rejected this key level with a strong engulfing candle, indicating that the price will be continuing upwards.
I am looking for a good entry to target the highs.
3.2 RR
simple
Here Price just rejected this key level with a strong engulfing candle, indicating that the price will be continuing upwards.
I am looking for a good entry to target the highs.
3.2 RR
simple
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.