SOL - comparing BTC and USD pairs
Two things I like to do for alts:
1. Draw fixed range volume profiles on high timeframe ranges
If SOL should lose the current range, looking at previous range VAL/VAH/POC for targets can work better than looking at actual sweep levels, since you're looking at where most volume has been traded which means looking at where most people entered, exited, ...
2. Look at BTC pair as well for confluence
seeing targets on both sides on the BTC pair and USD pair that seem similar, helps with building ideas for both sides. If I would only upside targets on the BTC pair, with downside all cleaned up, then I'd be more interested in looking for upside on the USD pair as well.
1. Draw fixed range volume profiles on high timeframe ranges
If SOL should lose the current range, looking at previous range VAL/VAH/POC for targets can work better than looking at actual sweep levels, since you're looking at where most volume has been traded which means looking at where most people entered, exited, ...
2. Look at BTC pair as well for confluence
seeing targets on both sides on the BTC pair and USD pair that seem similar, helps with building ideas for both sides. If I would only upside targets on the BTC pair, with downside all cleaned up, then I'd be more interested in looking for upside on the USD pair as well.
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Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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