Great approach for buying bottoms using price action. After a deep correction, watch for large buying volume to show. Won't buy the exact bottom, that's fine. Better if double bottom and/or key level, but what truly matters is the buynig volume, other factors are secondary.

Will observe similar charts today on various alts such as $SXP, $SRM and $SOL. That's what is called Price Action, and not those boxes and lines Twitter traders like to use.

Execution: anywhere within the purple box. Ideally before the prior high gets taken out. If entry represents short-term trading or a leveraged trade, stop goes either around the low or depending on risk appetite X ATRs further below.

One is buying *on the way up*. Not guessing where a whale may decide to show up, but rather reacting to it. Consider the largest traders can't deploy their positions in an instant, and thus have to show their hands. Furthermore, many don't get into a trade for small moves.