Most traders ignore volume confirmation and chase price alone.
$LSK is up 12.6% on $1.4M volume.
Its 7-day average volume is 206K.
$1.4M ÷ 206K = 6.8x.
That’s not just a rally it’s a volume-backed move.
Without this ratio, you’d see a 12.6% spike and assume momentum.
With it, you see if the market is actually participating.
Check this in 20 seconds:
Go to Binance, click the coin, scroll to “24h Vol”,
divide it by the 7-day avg shown below it.
If it’s above 3x, it’s worth noting.
On my next trade, I wait for volume ≥ 3x 7-day average before considering a breakout.
What’s your rule for confirming volume?
#TradingTips #LSK
Not financial advice. My levels, my risk.