$RAY volume is 0.8x its weekly average while the price sits 91 percent up the daily range
Most traders chase the green candles on $RAY today without checking the engine underneath
Price is at $2.3238 up 15.9 percent in a day but the money flowing in is actually below normal
When a pump happens on 0.8x average volume it tells me fewer participants are driving the upside
You can spot this in twenty seconds by dividing today volume of $9.2M by your exchange seven day volume average
Low volume rallies near the highs often lack the depth to hold a pullback
Always check if the volume matches the move before trusting a breakout
What volume ratio makes you suspicious of a rally
#RAY #TradingTips
Most traders chase the green candles on $RAY today without checking the engine underneath
Price is at $2.3238 up 15.9 percent in a day but the money flowing in is actually below normal
When a pump happens on 0.8x average volume it tells me fewer participants are driving the upside
You can spot this in twenty seconds by dividing today volume of $9.2M by your exchange seven day volume average
Low volume rallies near the highs often lack the depth to hold a pullback
Always check if the volume matches the move before trusting a breakout
What volume ratio makes you suspicious of a rally
#RAY #TradingTips