if you want to understand where price will not hold, study thin volume. Thin volume areas represent price levels where the market moved quickly because participation was low and agreement on value never formed.
On a VP, these zones are evidence of incomplete auctions as time was not spent, inventory was not built and meaningful capital did not commit.
This distinction matters because markets only defend prices they have previously accepted and cceptance is created through a combination of time and volume.
Thin volume = absence of both.
When price later revisits one of these zones it is entering a vacuum.
With no established inventory, price does not need to auction slowly to discover balance and this is the reason why it often moves rapidly and impulsively until it reaches a level where significant historical trading volume occurred.
This is why thin volume zones tend to function as acceleration zones, not reaction zones.
This also explains why attempts to build positions inside thin volume frequently produce poor outcomes.
"What do you mean?"
That the risk profile is asymmetric.
Upside is limited because overhead supply typically stand in high-volume regions while downside is open because there is no structural demand beneath price. Once acceptance above a thin zone is lost, there is often very little to slow repricing toward the next high-volume node.
From a MS perspective, thin volume commonly forms during emotionally driven or narrative-fueled phases of a move, when price advances faster than value can be established.
These moves may appear strong ("Bro, is going up so fast, look at how strong it is") but structurally they are fragile.
Strength in price is not the same as strength in structure: thin volume exposes that difference.
If your objective is to identify areas where price can base, rotate, and offer you a favorable risk-reward, thin volume tells you where not to focus.
Most “surprise” moves are not surprises at all.
They are simply price moving efficiently through levels the market never accepted in the first place.
The market does not pause where it has no memory, it pauses where business was done.
If Elon Musk is worried about Silver prices near $80/ounce, what do you think he will do when silver breaks past say $200/ounce with extremely strained supplies?
… which can impact his businesses from operating at normal conditions?