๐Note for Scalpers. Mix it with 5 Minute candle divergence for even more powerful signal.
To trade ranges using Volume Profile, identify Value Area High (VAH) and Value Area Low (VAL) as key resistance and support.
If this coincides with your PA range, it's even better.
Use Point of Control (POC) as a mean reversion target.
Look for longs at VAL and shorts at VAH.
VAH is where 70% of the volume is based.
Watch for breakouts vs. fakeouts, true breakouts show strong volume acceptance beyond high and low volume nodes, failure to break above or below usually results in reversion back to the value area.
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๐ ๐ ๐บ๐ฒ๐๐ต๐ผ๐ฑ ๐๐ผ ๐๐ฟ๐ฎ๐ฑ๐ฒ ๐๐ผ๐น๐๐บ๐ฒ ๐ฝ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ ๐ถ๐ป ๐ฎ ๐ฟ๐ฎ๐ป๐ด๐ฒ ๐
โฐTime Frame - Hourly to 4 Hour.
๐Note for Scalpers. Mix it with 5 Minute candle divergence for even more powerful signal.
To trade ranges using Volume Profile, identify Value Area High (VAH) and Value Area Low (VAL) as key resistance and support.
If this coincides with your PA range, it's even better.
Use Point of Control (POC) as a mean reversion target.
Look for longs at VAL and shorts at VAH.
VAH is where 70% of the volume is based.
Watch for breakouts vs. fakeouts, true breakouts show strong volume acceptance beyond high and low volume nodes, failure to break above or below usually results in reversion back to the value area.
๐ธDo this in all ranging coins a 1000 times.