$ACE volume is 0.6x its weekly average and that tells you the real story
Most traders chase a green 8.2 percent candle and ignore the fuel gauge
Look at $ACE today with price sitting at 0.18290 right in the middle of its daily range
Volume is only 7.4M dollars which is way below the seven day average
That math means the bounce lacks backing from the wider market
When volume is low the move is usually hollow and easy to fade
Open your chart look at the volume bars and divide today by the average line
If the result is under one like our 0.6x here do not trust a breakout
What is your minimum volume ratio before you enter a trade
#ACE #TradingTips
Most traders chase a green 8.2 percent candle and ignore the fuel gauge
Look at $ACE today with price sitting at 0.18290 right in the middle of its daily range
Volume is only 7.4M dollars which is way below the seven day average
That math means the bounce lacks backing from the wider market
When volume is low the move is usually hollow and easy to fade
Open your chart look at the volume bars and divide today by the average line
If the result is under one like our 0.6x here do not trust a breakout
What is your minimum volume ratio before you enter a trade
#ACE #TradingTips