$LINK volume is 1.3x its weekly average and most traders are reading it backwards
today the price dropped 3.4 percent down to 9.7810 near the bottom of the 24h range
people see red candles and high volume and think panic selling
i look at that 1.3x ratio and see actual interest instead of empty air
when volume spikes on a drop it means buyers and sellers are fighting hard at support
when price drops on low volume it just means nobody cares and gravity is taking over
check the daily volume and divide it by the seven day average on your own chart to spot the difference in twenty seconds
Do not take my word for it, tap $LINK and look at the candles
what is your favorite filter for fake breakouts
#LINK #TradingTips
today the price dropped 3.4 percent down to 9.7810 near the bottom of the 24h range
people see red candles and high volume and think panic selling
i look at that 1.3x ratio and see actual interest instead of empty air
when volume spikes on a drop it means buyers and sellers are fighting hard at support
when price drops on low volume it just means nobody cares and gravity is taking over
check the daily volume and divide it by the seven day average on your own chart to spot the difference in twenty seconds
Do not take my word for it, tap $LINK and look at the candles
what is your favorite filter for fake breakouts
#LINK #TradingTips