🗂️ Trading volume over $W 1 hours was approximately $63.08 million, 14 times the previous average; prices rose 25.28% over the same period.
【One-Minute Explainer】What does a surge in trading volume indicate?
Trading volume is how many coins were traded over a period of time. Trading value converts that amount into the quoted currency. The multiple here compares this period with the average over the preceding period.
When volume surges but the price stays roughly flat, it means buyers and sellers are actively exchanging hands at the current price. To tell which way the price will move next, watch who gives in first.
Indicators may be inaccurate, but stop-losses shouldn’t be skipped: thinking in advance about what to do if you’re wrong matters more than whether your prediction is right.
#W
【One-Minute Explainer】What does a surge in trading volume indicate?
Trading volume is how many coins were traded over a period of time. Trading value converts that amount into the quoted currency. The multiple here compares this period with the average over the preceding period.
When volume surges but the price stays roughly flat, it means buyers and sellers are actively exchanging hands at the current price. To tell which way the price will move next, watch who gives in first.
Indicators may be inaccurate, but stop-losses shouldn’t be skipped: thinking in advance about what to do if you’re wrong matters more than whether your prediction is right.
#W