A VERY EASY WAY TO PREDICT A POSSIBLE STRENGTHENING BUYING PRESSURE!
Numerous efforts have been made to identify the causes of buying pressure. These several attempts have included many successful ones. However, if we take a closer look, we can argue that there is a "essence" that we need to take into account as to why buying demand initially intensifies and emerges.
This 'essence' needs to be understood.
When the best 'least' price appears on their screen, picture how most shoppers would respond. You're correct. They would assume right away that this low price is a good deal. The buying pressure is bolstered in this way. Anticipating increased buying pressure should be feasible because customers want to keep purchasing at the lowest price. Nevertheless, if we examine the "essence" of the reasoning behind these choices. The likelihood of the strengthening occurring will be significantly more apparent to us. In case you haven't figured out what the essence is, allow me to explain. It's fear. Traders that have been buying cheap and selling high for a long time would undoubtedly be familiar with fear price levels, but most traders would never consider them to be excellent purchasing regions. Their objective is to sell the greed and buy the dread. Because they already know what's going to happen next. Customers would then excel at the price points that most people would be scared to enter. Therefore, it would be preferable to comprehend the "essence" of the growing buying pressure in order to outperform the competition and occupy the greatest possible position in the market.
Stay wise, trade cautiously.