$PROM 1-hour trading value rose to 4.4 times the average, while the price fell 12.3%.
After a volume spike, there are usually three things to watch:
1) Price direction: volume up, price down
2) Whether the higher volume continues—one isolated spike may be a one-off
3) The high and low of the high-volume candle, which often become key short-term levels
What do you think?
#PROM
For market commentary only. Please make your own trading decisions.
After a volume spike, there are usually three things to watch:
1) Price direction: volume up, price down
2) Whether the higher volume continues—one isolated spike may be a one-off
3) The high and low of the high-volume candle, which often become key short-term levels
What do you think?
#PROM
For market commentary only. Please make your own trading decisions.