I've labeled areas of confluence on the chart. Global 618 golden pocket with an orderblock nicely paired with imbalances beneath as a magnet to pull price up.
The white line is the yearly Vwap and that snap point (Hard Knee) is in my area of confluence. Thats the yearly reset of the volume weighted average price. Price tends to revisit these levels.
I pulled the volume profile over candles that I though made more sense as a true buy sell aggregation. The Value area high, the value area low are marked. The Point of Control happily sits inside the Vwap snap point + 618 level + Orderblock with imbalance.
Defi Finance will get a push soon imo.
Not financial advice.
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To clarify, the naked point of control is a small buy sell range inside the 618. You have to zoom in to see the tiny volume profile. It is exactly at .037907 ndPOC
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Breaker could be support
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Update from May 1st 30sec chart post - we didnt get down to the breaker but we did get about 23% pump to the upside.
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Local 4h chart today. Im loving the 76 m breaker below for nice support and that yearly vwap is a nice magnet.
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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.