What is volume and how can you use it to enter trades?
A lot of people don’t pay attention to volume, and I see charts from modern schools that neglect volume a lot 😕
I don’t know what the reason is, but for me it’s a wrong behavior ❌
Volume, like any school, can be wrong and can be right, but today I will explain to you how using it in a simple way can benefit you greatly in your trades and in investment coins
As is clear in front of us in picture number 1️⃣
The $OKB coin made new lows, but look at what the volume below was doing?
It was increasing at each low compared to the low before it
And look at the result in picture number 2️⃣
A rise happened in price to take liquidity above, along with our entry coinciding from an order block
In picture number 01
The price was making new lows with rising volume, and this is a strong sign of an approaching price reversal ⚡️⚡️
In picture number 02
The price rose and made a new high, and it was a strong bull season for Bitcoin 💵
This is a simple volume strategy through which, like the first case, you can combine volume with your trading school
(I, in the example, combined it with SMC) 🧐⚡️
And I was able to take a scalp trade with a good profit, and for me the volume was the confirmation for entering the trade
Or you can use it to determine your investment entry areas like case number 02 in Bitcoin 💎