Unveiling the Power of Footprints in Crypto Trading
Candles in trading only indicate price movements, but footprints delve deeper, revealing the dynamics of these movements – depicting who triggered the action, the volume traded, and at which levels.
Key Advantages of Using Footprints:
- Identifying real aggression zones, beyond just closing prices
- Spotting absorption areas and detecting trapped traders, unnoticed on regular charts
- Recognizing forced exits and failed attempts instantly
- Assisting in decision-making at crucial market highs and lows for breakout or mean reversion strategies
Despite their significance, footprints are often overlooked in crypto trading, giving traders a powerful edge. By analyzing the flow beneath the price instead of relying on guesswork, traders can make informed decisions on whether to follow or fade a particular market move.
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