TRXUSDT %150 DAILY VOLUME SPIKE | BE CAREFUL NO BUYERS YET
2024-12-17
Category: None

1. Volume Spike Context 

 
 A 150% volume increase is significant, but without buyers stepping in, this can mean:
 
 Absorption: Large orders are filling on the sell side, suppressing upward movement.
 Liquidity Sweep: Price is testing a key zone to trigger liquidity (e.g., stop-losses or limit orders).
 

 2. Blue Box Zones 

 When price approaches your predefined blue boxes: 

 
 Observe how price reacts in those zones on lower timeframes (e.g., 1-minute or 5-minute):
 Is price consolidating (building a base)?
 Are there sharp rejections (wicks, tight ranges)?
 Is price forming higher lows (signs of buyers stepping in)?
 

3. Upward Breakout Triggers

 To evaluate upward breakouts: 
 

 Focus on price structure: 

 
 A clear break above recent highs on lower timeframes.
 Watch for a clean candle close above the range to confirm buyers have control.
 Ensure the breakout is not a fakeout:
 Price should not immediately drop back into the range after breaking above.
 Look for a retest of the breakout level that holds as support.
 

 4.Volume Behavior at Blue Boxes 

 
 Even without indicators, you can observe volume visually:
 If large volume candles appear near the blue boxes and price holds → buyers may be absorbing supply.
 If price starts moving up with minimal retracement → potential for continuation.
