DYDX / TetherUSFormación
💡HOW TO OPERATE LATERALITIES WITH THE VOLUME PROFILE💡
HI Guys, I will bring here an example of operation, follow the thread
On that day, I observed prices trading in a strong resistance zone and close to the 200 descending EMA, so I looked for sales with targets in the support zones.
I ended up taking my first take at $1.85 and I went with the targets plotted on the screen as an objective.
Yesterday the price was struggling to close the bar above the POC, so I saw context for more selling.
See that we have a double top in the POC zone combined with the fibonacci range
So I believe in the bottom of laterality test
This is a little bit of how I use the VOLUME PROFILE
In this case, I am expecting a consolidation operation, so the target zone is usually the central part of the entire trading range, for those who use the VP, they can also use the POC (The POC is basically the zone where most price trading takes place in active)
Important points: always on a trading range you will trade against breakouts, because 80% of the time they will fail.
Whenever you observe a consolidation mainly in the form of a wide range, use the Volume Profile to make it easier to read, and look for sales with signal bars, confirmation or any SetUp that you use above VAH, and purchases below VAL
This update was one of the last of the Volume Profile here on TV
I hope you enjoyed this content, consider following me to receive more publications like this one, and leave your like to contribute to my work
On that day, I observed prices trading in a strong resistance zone and close to the 200 descending EMA, so I looked for sales with targets in the support zones.
I ended up taking my first take at $1.85 and I went with the targets plotted on the screen as an objective.
Yesterday the price was struggling to close the bar above the POC, so I saw context for more selling.
See that we have a double top in the POC zone combined with the fibonacci range
So I believe in the bottom of laterality test
This is a little bit of how I use the VOLUME PROFILE
In this case, I am expecting a consolidation operation, so the target zone is usually the central part of the entire trading range, for those who use the VP, they can also use the POC (The POC is basically the zone where most price trading takes place in active)
Important points: always on a trading range you will trade against breakouts, because 80% of the time they will fail.
Whenever you observe a consolidation mainly in the form of a wide range, use the Volume Profile to make it easier to read, and look for sales with signal bars, confirmation or any SetUp that you use above VAH, and purchases below VAL
This update was one of the last of the Volume Profile here on TV
I hope you enjoyed this content, consider following me to receive more publications like this one, and leave your like to contribute to my work
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Comunidade Free
t.me/powerinc
Site 🌍 powerinc.trade
🔷Abra sua conta na BingX e apoie meu trabalho!
bingx.com/partner/powerinc
Na BingX, você pode operar criptomoedas diretamente pelo TradingView✅
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