$TRX 5 The trading volume over the past minute was about $1.2 million, 14.2 times the previous average; the price barely moved during the same period.
Guys, what does a surge in volume actually mean? Here’s the short version 👇
Unusual trading volume often shows up before price movements, so many people treat a sudden spike in volume as a signal to pay attention to a coin. The price will show which way it’s headed.
Whether volume increases during a breakout is often considered one factor in judging whether it’s genuine or a fakeout: breakouts without volume are more likely to reverse.
Sizing your position based on the distance to your stop-loss is much more reliable than guessing.
Volatility is high, so size your position according to what you can handle.
Guys, what does a surge in volume actually mean? Here’s the short version 👇
Unusual trading volume often shows up before price movements, so many people treat a sudden spike in volume as a signal to pay attention to a coin. The price will show which way it’s headed.
Whether volume increases during a breakout is often considered one factor in judging whether it’s genuine or a fakeout: breakouts without volume are more likely to reverse.
Sizing your position based on the distance to your stop-loss is much more reliable than guessing.
Volatility is high, so size your position according to what you can handle.
