What is the volume by price feature on TradingView and how does it relate to cryptocurrency trading?

3 answers

• Dec 15, 2021 · 3 years ago
  The volume by price feature on TradingView is a tool that allows traders to analyze the volume of trading activity at different price levels. It provides a visual representation of the volume distribution across the price range, helping traders identify areas of high or low trading interest. In the context of cryptocurrency trading, this feature can be particularly useful for identifying support and resistance levels, as well as potential areas of accumulation or distribution. By analyzing the volume by price data, traders can gain insights into market sentiment and make more informed trading decisions.
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• Dec 15, 2021 · 3 years ago
  The volume by price feature on TradingView is like a heatmap that shows the volume of trades at different price levels. It helps traders understand where the most trading activity is happening and can be used to identify key support and resistance levels. In the world of cryptocurrency trading, where volatility is high, this feature can be a valuable tool for identifying areas of interest and potential price reversals. By analyzing the volume by price data, traders can gain a better understanding of market dynamics and adjust their strategies accordingly.
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• Dec 15, 2021 · 3 years ago
  The volume by price feature on TradingView is a powerful tool for analyzing trading activity in the cryptocurrency market. It allows traders to see how volume is distributed across different price levels, which can provide valuable insights into market trends and potential price movements. For example, if there is a significant increase in volume at a specific price level, it could indicate strong buying or selling pressure and signal a potential trend reversal. By using the volume by price feature, traders can make more informed decisions and improve their overall trading performance.
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