$HOT 1-hour trading volume was approximately $55.62 million, 6.7 times the previous average; the price rose 15.7% over the same period.
Let’s use this figure to talk about trading volume.
Multiples are relative: for a coin that usually trades little, a several-fold increase in volume might be caused by just one or two large orders. The same multiple for a top coin is much rarer.
Signals are clearer when volume and price move in sync. When they don’t, it often takes more thought—for example, when the price rises while trading volume keeps falling.
Don’t place an order at the very fastest moment of a market move. Wait for the candlestick to close and settle before taking another look.
#HOT
Let’s use this figure to talk about trading volume.
Multiples are relative: for a coin that usually trades little, a several-fold increase in volume might be caused by just one or two large orders. The same multiple for a top coin is much rarer.
Signals are clearer when volume and price move in sync. When they don’t, it often takes more thought—for example, when the price rises while trading volume keeps falling.
Don’t place an order at the very fastest moment of a market move. Wait for the candlestick to close and settle before taking another look.
#HOT
