A note: The 1-hour trading volume for $PIXEL 1 was about $8.16 million, 5.9 times the previous average; the price rose 8.08% over the same period.
People often ask what a surge in volume means. Here’s how I see it.
Minute-level volume spikes can be noisy, and a volume spike on a single candlestick may just be one large trade. Sustained high volume over a period of time is more informative.
When volume picks up at low price levels and the price stops making new lows, some people interpret it as a sign of buying support—but this still needs to be confirmed by subsequent candlesticks.
Before trading with leverage, first consider whether you can handle the worst-case scenario, then think about what the indicators are saying.
These are personal notes; make your own decisions about trading.
People often ask what a surge in volume means. Here’s how I see it.
Minute-level volume spikes can be noisy, and a volume spike on a single candlestick may just be one large trade. Sustained high volume over a period of time is more informative.
When volume picks up at low price levels and the price stops making new lows, some people interpret it as a sign of buying support—but this still needs to be confirmed by subsequent candlesticks.
Before trading with leverage, first consider whether you can handle the worst-case scenario, then think about what the indicators are saying.
These are personal notes; make your own decisions about trading.