Aggressive buying at a specific price level signals that traders believe the asset will go higher. If it were overpriced, buyers wouldn't push so hard. The speaker expects a squeeze at that level.
What's happening here. We're seeing the buyers trying to break this level. They are getting aggressive to the eye. What does it mean? That they are willing to pay higher price for this asset. So is it too expensive to buy? No. Because if it was too expensive, aggressive buyers will not participate here. So it means that still my narrative is buyer. Even if I didn't break this level, I already know what to expect for the day. And we are getting ready for the squeeze. The squeeze will be present here. Look.
