BTCUSDT Swing Short Targets 20900, 20200, Naked POCsSwing shorts to 20900 and 20200 are a very good bet.
These are NPOCs from July 5, 6, and 7.
It is rare when the price does not return to a previous POCs, so they are very good targets.
POCs from HTFs (higher timeframes) are especially good targets because the higher time means more volume during that time period than LTFs (lower time frames)
The volume at a POC is too significant for traders to not bring the price back to it.
Until the price the returns to that POC, the POC is naked.
On Bybit's BTCUSDT perp market, the daily POCs from July 5, 6, and 7 are naked on a 1 tick bid/ask profile chart.
The POCs are
20900
: July 7
20200:
July 5 AND July 6
POCs (naked and virgin)
POCs are points of control. They are prices that had the highest volume during a time period. The high volume at that price means traders are strongly motivated to bring the price back to that POC value.
After a time period has closed, until the price returns to the POC of that period, in the jargon of order flow trading, the POC is called a naked or a virgin POC.
