$FOLKS ｜1-hour trading volume surged 88.7x｜Price rose 9.89%
What does a surge in trading volume actually indicate? It often occurs when news breaks, a key price level is breached, large orders enter or exit the market, or waves of liquidations take place.
Whether trading volume surges during a breakout is often considered one factor in distinguishing a genuine breakout from a false one: a breakout on low volume is more likely to fail.
Multiple indicators corroborating one another is more reliable than relying on just one, but no number of signals can provide certainty.
#FOLKS
NFA, DYOR.
What does a surge in trading volume actually indicate? It often occurs when news breaks, a key price level is breached, large orders enter or exit the market, or waves of liquidations take place.
Whether trading volume surges during a breakout is often considered one factor in distinguishing a genuine breakout from a false one: a breakout on low volume is more likely to fail.
Multiple indicators corroborating one another is more reliable than relying on just one, but no number of signals can provide certainty.
#FOLKS
NFA, DYOR.