You’ve interpreted part of it correctly 👍 POC indicates the price level at which the highest trading volume occurred within the selected range. Therefore, the price’s position relative to the POC can serve as an important reference. However, it’s important not to evaluate the POC in isolation, especially when analyzing trading activity. A more comprehensive view is gained by considering the price’s position relative to VAH and VAL, along with volume distribution and other data such as delta, if available. While the POC is a significant reference point, it alone does not tell the full picture.
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