$PENDLE 0.9x volume ratio today means the current drop is just drifting
Most traders stare only at price and completely ignore what volume is actually telling them
Right now $PENDLE sits at $2.0740 down 3.4 percent on the day
The 24 hour volume is $2.6M which works out to 0.9x the seven day average
That fraction is the tell
When price falls on below average volume it usually means sellers lack real conviction
It is a quiet drift rather than a heavy institutional dump
Checking this ratio takes twenty seconds on any decent charting tool
Divide today total volume by the daily average of the past week
If that number stays under one it means the move lacks real weight
Never trust a breakdown if the volume bar is shrinking instead of growing
How do you measure volume strength on your charts
#PENDLE #TradingTips
Most traders stare only at price and completely ignore what volume is actually telling them
Right now $PENDLE sits at $2.0740 down 3.4 percent on the day
The 24 hour volume is $2.6M which works out to 0.9x the seven day average
That fraction is the tell
When price falls on below average volume it usually means sellers lack real conviction
It is a quiet drift rather than a heavy institutional dump
Checking this ratio takes twenty seconds on any decent charting tool
Divide today total volume by the daily average of the past week
If that number stays under one it means the move lacks real weight
Never trust a breakdown if the volume bar is shrinking instead of growing
How do you measure volume strength on your charts
#PENDLE #TradingTips