Long & Short Zones
Last updated
Last updated
Long & short zones are areas on the chart where there is a concentration of buyers or sellers. A short zone is an area where there is an abundance of sellers, which can cause the price to fall. A long zone is an area where there is an abundance of buyers, which can cause the price to rise.
Traders may also look to enter their trades near long and short zones. In a short zone, traders may look to sell/short an asset as there are many sellers, which can drive down the price. In a long zone, traders may look to buy an asset as there are many buyers, which can drive up the price.
Setting longs in the long zone and shorts in the short zone is one of the better ways to utlize Entry Sniper. The name is derived from sniping optimal entries within these zones.