$XMR 15-minute trading volume was about $2.99 million, 5.3 times the previous average; the price rose 1.69% over the same period.
When trading volume surges, many people instinctively think big money has arrived, but it’s not that simple.
Multiples are relative: for coins that usually trade little, a several-fold increase may come from just one or two larger orders, while the same multiple increase in volume for a major coin is much less common.
Whether volume rises during a breakout is often considered one of the criteria for judging a valid versus false breakout: a move through without volume is more likely to fail.
Calculating position size based on stop-loss distance is far more reliable than placing orders by feel.
When trading volume surges, many people instinctively think big money has arrived, but it’s not that simple.
Multiples are relative: for coins that usually trade little, a several-fold increase may come from just one or two larger orders, while the same multiple increase in volume for a major coin is much less common.
Whether volume rises during a breakout is often considered one of the criteria for judging a valid versus false breakout: a move through without volume is more likely to fail.
Calculating position size based on stop-loss distance is far more reliable than placing orders by feel.
