Term of the day: Volume.
Volume is how much actually traded in a period.
Price tells you where the market went; volume tells you how much conviction went with it. A breakout on thin volume has fewer participants defending it than one on heavy volume.
Treat a move on unusually low volume as provisional until volume confirms it.
Right now: BTC at 76,690 (+1.18%), 53 of 60 liquid pairs green, ONE leading at +96.1%.
#Write2Earn #TradingPsychology #CryptoBeginners #TradingTips
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
Volume is how much actually traded in a period.
Price tells you where the market went; volume tells you how much conviction went with it. A breakout on thin volume has fewer participants defending it than one on heavy volume.
Treat a move on unusually low volume as provisional until volume confirms it.
Right now: BTC at 76,690 (+1.18%), 53 of 60 liquid pairs green, ONE leading at +96.1%.
#Write2Earn #TradingPsychology #CryptoBeginners #TradingTips
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
