FUN/USDT - The importance of the POC
POC or Point of Control is a critical level highlighted by the Volume Profile tool available on TradingView.
It highlights the level at which most volume has been traded: be that buying or selling.
What I look for when using the POC is it matching the midline - found at the exact halfway from the Entry and the Stop Loss of the setup.
On my charts, the midline is usually drawn in yellow but in this precise case, you almost can't see it because the POC is over it!
This is exacly what we want to see.
Textbook and I thought it would be worth a share.
To keep in mind, this is a second look at a setup on FUN/USDT which previously failed.
Take care,
Vlad The Crypto Trader
It highlights the level at which most volume has been traded: be that buying or selling.
What I look for when using the POC is it matching the midline - found at the exact halfway from the Entry and the Stop Loss of the setup.
On my charts, the midline is usually drawn in yellow but in this precise case, you almost can't see it because the POC is over it!
This is exacly what we want to see.
Textbook and I thought it would be worth a share.
To keep in mind, this is a second look at a setup on FUN/USDT which previously failed.
Take care,
Vlad The Crypto Trader
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