$SKY volume is 1.0x its weekly average and most traders misread that completely
An 8.5 percent daily gain looks strong until you check the engine under the hood
Current volume sits at 5.8M dollars which matches the 7 day average dead on
Price is sitting at 0.09994 which is 79 percent up the daily range from the low of 0.09185 to the high of 0.10208
A true breakout requires volume breaking past 1.5x or 2.0x the average to prove buyers are actually stepping in
When volume stays at 1.0x during a push it usually means lack of fresh capital rather than heavy accumulation
Always divide today volume by the 7 day average before trusting any price move
Do not take my word for it, tap $SKY and look at the candles
What volume ratio makes you trust a breakout
#SKY #TradingTips
An 8.5 percent daily gain looks strong until you check the engine under the hood
Current volume sits at 5.8M dollars which matches the 7 day average dead on
Price is sitting at 0.09994 which is 79 percent up the daily range from the low of 0.09185 to the high of 0.10208
A true breakout requires volume breaking past 1.5x or 2.0x the average to prove buyers are actually stepping in
When volume stays at 1.0x during a push it usually means lack of fresh capital rather than heavy accumulation
Always divide today volume by the 7 day average before trusting any price move
Do not take my word for it, tap $SKY and look at the candles
What volume ratio makes you trust a breakout
#SKY #TradingTips