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Anil Algo v1 Strategy

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Volume's Role in Support and Resistance
Volume helps validate the strength of support and resistance. Here's how:

✅ High Volume at Support
Suggests strong buying interest.

If price bounces on high volume, the support is likely to hold.

✅ High Volume at Resistance
Suggests strong selling interest.

If price drops on high volume, the resistance is likely to hold.

❌ Breakouts with Low Volume
Breakouts (above resistance or below support) on low volume are less reliable.

Often indicates a false breakout or lack of conviction.

✅ Breakouts with High Volume
Signals strong conviction behind the move.

Increases the chance of trend continuation.

Penafian

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