This indicator is one of the most important indicators for understanding buying and accumulation areas in the market.
In this chart, we see that the price has risen and has broken above most of the red areas (meaning buyers in those areas have become winners).
If the price returns to drop, the red areas will be strong support because those who bought there may resume buying and accumulating.
Meanwhile, the purple areas above the price indicate that there are not many sellers above these levels, making it easier for the rise to continue.
