Long
Volume Momentum Analysis
my idea on the Daily and 4H Timeframes
On the daily timeframe (left), we observe a breakout above a previous high-volume candle. From a classical technical analysis or price action perspective, this could be seen as a false breakout. However, in volume analysis, this is interpreted as a liquidity grab, potentially signaling the beginning of a strong move.
On the 4-hour timeframe (right), the price has successfully broken above the high-volume candle and is currently in the process of retesting the breakout level, a key confirmation point before continuation.
when you thin outside the box, you will see the light $BINANCE:ELFUSDT
Price Targets:
• First target: +30%
• Second target: +70%
On the daily timeframe (left), we observe a breakout above a previous high-volume candle. From a classical technical analysis or price action perspective, this could be seen as a false breakout. However, in volume analysis, this is interpreted as a liquidity grab, potentially signaling the beginning of a strong move.
On the 4-hour timeframe (right), the price has successfully broken above the high-volume candle and is currently in the process of retesting the breakout level, a key confirmation point before continuation.
when you thin outside the box, you will see the light $BINANCE:ELFUSDT
Price Targets:
• First target: +30%
• Second target: +70%
Alshihry
Disclaimer
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.
Alshihry
Disclaimer
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.