Volume Profile tips.
-Price tries to re-test the area which with lower volumes.
-This is an attempt by the market to distribute volume evenly at price points.
-When scalping, use high volume nodes as probable support/resistance.
-Point 2 isn't a rule but a want of the market.
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S T R U C T U R E + M I T I G A T I O N
Mitigation - Retracement to the origin of the impulse / OB to fill remaining buy/sell order, during the process it collects all the internal liquidity, touches the OB (SnD), and then expands to weak high or low
The day my trading style took a leap to newfound heights, was when I opened my chart and began looking for its liquidity, rather than its support and resistance
Markets move from liquidity, to liquidity, that is the core of it all
Adapt to that, and you'll evolve just as much💧
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$BTC
Let's talk about shorting
Something very important that I learned is -
What kind of trade are you looking for?
- Is it a scalp
- Is it a day trade
- Is it a swing trade?
Or is it not a trade at all and an investment instead?
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