$W 24h volume is 0.4x its weekly average and most traders are missing the trap
Price is up 5.1 percent today sitting at $0.01246 near the top of its range
Looks strong until you check the engine
Total 24h volume is only $1.5M which is less than half the normal seven day pace
When price creeps up on weak volume it usually means buyers are just exhausted rather than aggressive
You can check this ratio yourself on Binance by pulling up the daily volume bars and comparing the latest bar to the moving average line
Never trust a green candle that has no size behind it
What volume filter do you use before taking a trade
Do not take my word for it, tap $W and look at the candles
#W #TradingTips
Price is up 5.1 percent today sitting at $0.01246 near the top of its range
Looks strong until you check the engine
Total 24h volume is only $1.5M which is less than half the normal seven day pace
When price creeps up on weak volume it usually means buyers are just exhausted rather than aggressive
You can check this ratio yourself on Binance by pulling up the daily volume bars and comparing the latest bar to the moving average line
Never trust a green candle that has no size behind it
What volume filter do you use before taking a trade
Do not take my word for it, tap $W and look at the candles
#W #TradingTips