How to use VWAP for better entry prices
VWAP is an indicator measuring price and volume compared to the moving average measuring price only.
I take a major low or the beginning of the trend and i plug the VWAP. I also go to the previous swing high and do the same. Usually it creates a space between the 2 VWAP lines which is considered a non trading area and I wait for price to break either direction , retest the VWAP line. The retest of the line is where i enter in the trade.
Above the VWAP, traders are sitting in profits in the specific period. The average LTC trader since Sept 21, 2020, is in break even point.
For
LTCUSDT , the overall trend is bullish but we are on a critical level for now. I will be waiting for price to break above the Red VWAP line and retest it, before I will consider entering into LTC. For long term holders, the current price may be a nice entry level.
Stay safe!
I take a major low or the beginning of the trend and i plug the VWAP. I also go to the previous swing high and do the same. Usually it creates a space between the 2 VWAP lines which is considered a non trading area and I wait for price to break either direction , retest the VWAP line. The retest of the line is where i enter in the trade.
Above the VWAP, traders are sitting in profits in the specific period. The average LTC trader since Sept 21, 2020, is in break even point.
For
LTCUSDT , the overall trend is bullish but we are on a critical level for now. I will be waiting for price to break above the Red VWAP line and retest it, before I will consider entering into LTC. For long term holders, the current price may be a nice entry level. Stay safe!
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