$UNI volume is 0.7x its weekly average. Here is why that matters more than price
Most traders see $UNI up 3.2 percent today and chase the green candles blind
They miss the fact that the daily volume is sitting at only $25.0M right now
That gives a volume ratio of $25.0M divided by the average which equals 0.7x
Moves on low volume usually lack real conviction from bigger participants
The price pushed up toward the 24h high of $7.1980 without fuel backing it up
Here is how you check this on Binance in twenty seconds yourself
Look at the bottom of your chart and compare today's volume bar to the moving average line
If the price climbs while that volume bar shrinks you are looking at a fake rally
What is your favorite volume indicator to spot fake moves
#UNI #TradingTips
Most traders see $UNI up 3.2 percent today and chase the green candles blind
They miss the fact that the daily volume is sitting at only $25.0M right now
That gives a volume ratio of $25.0M divided by the average which equals 0.7x
Moves on low volume usually lack real conviction from bigger participants
The price pushed up toward the 24h high of $7.1980 without fuel backing it up
Here is how you check this on Binance in twenty seconds yourself
Look at the bottom of your chart and compare today's volume bar to the moving average line
If the price climbs while that volume bar shrinks you are looking at a fake rally
What is your favorite volume indicator to spot fake moves
#UNI #TradingTips