medium · Volume Price Analysis support-resistance

How does the VAP data influence the trade plan?

1. Place the stop loss at $155.00, since the thin volume in that zone offers little meaningful support for the newly opened trade.
2. Expect price to move through the $155.00 - 165.00 zone quickly due to lack of historical resistance, with $150.00 acting as strong support.
3. Wait for the Point of Control to shift up toward $160.00 before entering a new position, since the market currently looks overbought here.
4. The thin area indicates a lack of resting orders and genuine interest; price should reverse straight back down to the $150.00 POC almost immediately.

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