Volume and price watch | $W
A six-month high + 3.5× the average daily trading value is technically called a “breakout on heavy volume.”
A new high on strong volume is more reliable than one on shrinking volume, but a sudden surge in volume could also mean longtime holders are using the opportunity to exit. Watch the next few days: can trading volume stay above average, or will it shrink after just one day?
Volume and price action offer a reference point, not a definitive conclusion.
#W
A six-month high + 3.5× the average daily trading value is technically called a “breakout on heavy volume.”
A new high on strong volume is more reliable than one on shrinking volume, but a sudden surge in volume could also mean longtime holders are using the opportunity to exit. Watch the next few days: can trading volume stay above average, or will it shrink after just one day?
Volume and price action offer a reference point, not a definitive conclusion.
#W