What are some popular strategies for using VPVR on TradingView in cryptocurrency trading?

3 answers

• Dec 26, 2021 · 3 years ago
  One popular strategy for using VPVR on TradingView in cryptocurrency trading is to identify key support and resistance levels. VPVR can help you see where the most volume has been traded, indicating areas of strong buying or selling pressure. By identifying these levels, you can make more informed decisions about when to enter or exit a trade. Additionally, VPVR can be used to identify areas of low volume, which may indicate potential breakouts or breakdowns. By combining VPVR with other technical analysis tools, such as trend lines or moving averages, you can further refine your trading strategy.
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• Dec 26, 2021 · 3 years ago
  Another popular strategy is to use VPVR to identify areas of accumulation or distribution. VPVR can help you see where large amounts of volume have been traded over a specific period of time. If you notice a significant amount of volume being traded at a particular price level, it may indicate that institutional investors or whales are accumulating or distributing the cryptocurrency. This information can be valuable for making trading decisions, as it can provide insight into the intentions of larger market participants.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using VPVR to identify areas of high liquidity. High liquidity areas are often characterized by a large number of buy and sell orders, which can make it easier to enter or exit a trade at a desired price. By using VPVR to identify these areas, you can increase the likelihood of executing trades at favorable prices. However, it's important to note that VPVR should not be used in isolation and should be combined with other technical analysis tools and indicators for a more comprehensive trading strategy.
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