$SNDKB ｜Trading volume surged 22.8x in 1 hour｜Price fell 3.11%
Before looking at your position, understand trading volume.
Every trade has both a buyer and a seller, so a surge in volume alone doesn't mean there are more buyers or that money is flowing in; it simply means trading activity has picked up.
When volume surges but the price barely moves, it means buyers and sellers are actively trading at this level. To know which way the price will go next, watch to see who gives way first.
Reading indicators isn't hard; the hard part is sticking to your rules when the market is at its most volatile.
Volatility is significant, so manage your leverage carefully.
Before looking at your position, understand trading volume.
Every trade has both a buyer and a seller, so a surge in volume alone doesn't mean there are more buyers or that money is flowing in; it simply means trading activity has picked up.
When volume surges but the price barely moves, it means buyers and sellers are actively trading at this level. To know which way the price will go next, watch to see who gives way first.
Reading indicators isn't hard; the hard part is sticking to your rules when the market is at its most volatile.
Volatility is significant, so manage your leverage carefully.