1. The $ 30,000 number is a round number. Most likely, the traders also put their stop loss under this area.
2. The volume has also increased, so you can be sure that the stops have been hit and enough volume has been collected by the market elders.
3. We have a trend line above us that everyone is waiting for to be broken 😅 What I think might happen soon :
1. Another quick downward movement
2. Movement inside the box
3. Breaking the trend line 🔥
----------------------------------------------------------------------------- Like if you use volume for analysis 🙂 Leave a comment if you think using volume for analysis is useless Follow me if you would like me to use another indicator for the next analysis
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.