Hi traders,
You may observe that the volume has increased dramatically in last days. And also you can say that the traded volume is concentrated higher price levels by using volume profile. I interpret this situation as an important indicator of a strong bullish trend.
By this information, the price level seems good to take a position. I've drawn stop loss level. I will HODL until there is a good implication about the end of the uptrend.
The TA is short but the thing is that the huge volume does not need any interpretation.
Stay safe.
You may observe that the volume has increased dramatically in last days. And also you can say that the traded volume is concentrated higher price levels by using volume profile. I interpret this situation as an important indicator of a strong bullish trend.
By this information, the price level seems good to take a position. I've drawn stop loss level. I will HODL until there is a good implication about the end of the uptrend.
The TA is short but the thing is that the huge volume does not need any interpretation.
Stay safe.