$ALGO volume is 1.2x its weekly average. Here is why that ratio matters more than price
Most traders look at the green or red candle and guess who is buying
Price is sitting at $0.10410 right now up just 0.8 percent on the day
That is not moving much inside the daily range from $0.10190 to $0.10500
Look at the volume instead of just staring at the candles
The 24 hour turnover hit $2.1M which is 1.2x the seven day average
That means real money is stepping in while price barely moves
A flat price with high volume usually means accumulation before a real push
A flat price with low volume means nobody cares and it will drift back down
Check your chart settings to see the volume moving average line
Compare today against the past seven bars to find the exact ratio
Do not take my word for it, tap $ALGO and look at the candles
Always demand volume confirmation before you trust a breakout
#ALGO #TradingTips
Most traders look at the green or red candle and guess who is buying
Price is sitting at $0.10410 right now up just 0.8 percent on the day
That is not moving much inside the daily range from $0.10190 to $0.10500
Look at the volume instead of just staring at the candles
The 24 hour turnover hit $2.1M which is 1.2x the seven day average
That means real money is stepping in while price barely moves
A flat price with high volume usually means accumulation before a real push
A flat price with low volume means nobody cares and it will drift back down
Check your chart settings to see the volume moving average line
Compare today against the past seven bars to find the exact ratio
Do not take my word for it, tap $ALGO and look at the candles
Always demand volume confirmation before you trust a breakout
#ALGO #TradingTips