medium · Volume Profile Analysis profile-anatomy

A 'Naked POC' is identified from Tuesday's session at $1.08420. On Thursday, the price is at $1.08800 and begins to sell off sharply.

What is the expected significance of $1.08420?

  1. It will trigger an immediate gap fill to Monday's close.
  2. It acts as a Low Volume Node and will be swept through rapidly.
  3. It will be ignored because the market has 'moved on' to new value.
  4. It acts as a magnetic target and likely support level.

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