$ADA volume is 0.6x its weekly average. Most traders miss what this actually means
Today $ADA sits at $0.21760 down 1.2 percent over the day
The daily range is $0.21110 to $0.22290 and we are sitting right in the middle
Volume tells you if the market cares about these prices
When volume is 0.6x the seven day average it means the move lacks real conviction
Price drifts without heavy participation
You check this ratio yourself by opening the daily chart and dividing today volume by the seven day volume average
Low volume moves fade fast because nobody is defending the levels
What is your go to indicator for spotting fake breakouts
#ADA #TradingTips
Today $ADA sits at $0.21760 down 1.2 percent over the day
The daily range is $0.21110 to $0.22290 and we are sitting right in the middle
Volume tells you if the market cares about these prices
When volume is 0.6x the seven day average it means the move lacks real conviction
Price drifts without heavy participation
You check this ratio yourself by opening the daily chart and dividing today volume by the seven day volume average
Low volume moves fade fast because nobody is defending the levels
What is your go to indicator for spotting fake breakouts
#ADA #TradingTips