$JCT The 1-hour trading volume was approximately $15.72 million, 3.6 times the previous average; the price rose 4.14% over the same period.
Let’s use this data to talk about trading volume.
Changes in volume sometimes show up before price movements, so many people treat unusual spikes in volume as a prompt to pay attention to a coin. The price will indicate which way it’s headed.
When volume surges but the price barely moves, it means buyers and sellers are actively trading at that price level. To see which direction the price will move next, we’ll have to watch which side gives way first.
Comparing multiple data points is more reliable than looking at just one, but even multiple signals can’t provide a definitive conclusion.
#JCT
In a volatile market, manage your risk first.
Let’s use this data to talk about trading volume.
Changes in volume sometimes show up before price movements, so many people treat unusual spikes in volume as a prompt to pay attention to a coin. The price will indicate which way it’s headed.
When volume surges but the price barely moves, it means buyers and sellers are actively trading at that price level. To see which direction the price will move next, we’ll have to watch which side gives way first.
Comparing multiple data points is more reliable than looking at just one, but even multiple signals can’t provide a definitive conclusion.
#JCT
In a volatile market, manage your risk first.