Trading volume is the least likely to lie. You can tell how much weight a piece of news carries by looking at volume.
Take this news item, for example: CryptoQuant: Binance’s ETH reserves have fallen to a six-month low, while the number of withdrawal transactions has hit an all-time high.
The first big bullish or bearish candle after the news often sets the tone for the day, so it’s worth taking a closer look.
$ETH, 24h -1.37%.
Risk management comes first in volatile markets.
Take this news item, for example: CryptoQuant: Binance’s ETH reserves have fallen to a six-month low, while the number of withdrawal transactions has hit an all-time high.
The first big bullish or bearish candle after the news often sets the tone for the day, so it’s worth taking a closer look.
$ETH, 24h -1.37%.
Risk management comes first in volatile markets.