Market Notes｜$FOLKS ｜1-hour trading volume surged 88.7×｜Price rose 9.89%
First, a definition: When looking at trading volume, consider it alongside price. Where the price settles and how long the wicks are are usually more informative than the volume alone.
A common interpretation: A surge in volume can sometimes come from concentrated liquidations. Liquidation orders are forced trades, so this kind of volume has a different significance from active buying and selling. Check it against liquidation data.
Don’t disrupt your plan based on a single indicator, and never gamble on a particular prediction with borrowed money.
This view could be wrong at any time. You assume all risk.
First, a definition: When looking at trading volume, consider it alongside price. Where the price settles and how long the wicks are are usually more informative than the volume alone.
A common interpretation: A surge in volume can sometimes come from concentrated liquidations. Liquidation orders are forced trades, so this kind of volume has a different significance from active buying and selling. Check it against liquidation data.
Don’t disrupt your plan based on a single indicator, and never gamble on a particular prediction with borrowed money.
This view could be wrong at any time. You assume all risk.