$ALGO volume is 0.6x its weekly average so stop trusting the price move today
Most traders look at green candles and think buyers are stepping in heavily
Right now $ALGO is sitting at $0.12510 which is 43 percent of its daily range
The 24h volume sits at $6.2M meaning nobody is really showing up to trade this range
When volume is low like this price can drift anywhere without actual conviction behind it
Look at your exchange and divide today volume by the seven day average to see the real story
Never trust a breakout when the volume ratio sits below one
#ALGO #TradingTips
Most traders look at green candles and think buyers are stepping in heavily
Right now $ALGO is sitting at $0.12510 which is 43 percent of its daily range
The 24h volume sits at $6.2M meaning nobody is really showing up to trade this range
When volume is low like this price can drift anywhere without actual conviction behind it
Look at your exchange and divide today volume by the seven day average to see the real story
Never trust a breakout when the volume ratio sits below one
#ALGO #TradingTips