📋 Latest data: $SKL | 1-hour volume up 7x | Price up 2.28%
· What it means: Short-term volume spikes can be noisy. A surge in one or two candlesticks may simply reflect a single large trade; several consecutive high-volume candles are more informative.
· How to read it: Signals are easier to interpret when volume and price move in the same direction. Divergence calls for closer scrutiny—for example, when the price rises while trading volume keeps shrinking.
Don’t change your original pace because of a single number, and never use borrowed money to test a reading.
#SKL
Just my personal opinion; not a basis for buying or selling.
· What it means: Short-term volume spikes can be noisy. A surge in one or two candlesticks may simply reflect a single large trade; several consecutive high-volume candles are more informative.
· How to read it: Signals are easier to interpret when volume and price move in the same direction. Divergence calls for closer scrutiny—for example, when the price rises while trading volume keeps shrinking.
Don’t change your original pace because of a single number, and never use borrowed money to test a reading.
#SKL
Just my personal opinion; not a basis for buying or selling.