$NEAR volume is 0.4x its weekly average and most traders miss the trap here
Trading a price drop means nothing if the tape is completely dead
Look at $NEAR today down 3.1 percent sitting right in the middle of its 4.7640 to 5.1980 range
The 24 hour volume sits at 89.9 million dollars which is way below normal
When a coin drops on weak volume it just means sellers are bored not aggressive
Checking this ratio takes twenty seconds by comparing today total to the seven day moving average on your exchange
Price moving without volume behind it is just noise waiting for a real player to step in
Never trust a breakout or breakdown unless the volume bar is taller than average
What is your minimum volume multiplier before you open a chart
#NEAR #TradingTips
Trading a price drop means nothing if the tape is completely dead
Look at $NEAR today down 3.1 percent sitting right in the middle of its 4.7640 to 5.1980 range
The 24 hour volume sits at 89.9 million dollars which is way below normal
When a coin drops on weak volume it just means sellers are bored not aggressive
Checking this ratio takes twenty seconds by comparing today total to the seven day moving average on your exchange
Price moving without volume behind it is just noise waiting for a real player to step in
Never trust a breakout or breakdown unless the volume bar is taller than average
What is your minimum volume multiplier before you open a chart
#NEAR #TradingTips