🐋 $AIOT 15-minute trading volume was about $2.17 million, 10 times the previous average; the price rose 7.6% over the same period.
When trading picks up, many people instinctively assume big money is moving in, but it’s not that simple.
Minute-level volume spikes can be quite random. A large trade in one or two candlesticks may simply be a single concentrated transaction; several consecutive high-volume candles are more meaningful.
When volume increases but the price stays roughly flat, it means buyers and sellers are exchanging hands extensively at the current price. Which way the price moves next depends on which side gives in first.
Every indicator describes price action that has already happened; the price can always move in the opposite direction.
DYOR, and trade within your means.
When trading picks up, many people instinctively assume big money is moving in, but it’s not that simple.
Minute-level volume spikes can be quite random. A large trade in one or two candlesticks may simply be a single concentrated transaction; several consecutive high-volume candles are more meaningful.
When volume increases but the price stays roughly flat, it means buyers and sellers are exchanging hands extensively at the current price. Which way the price moves next depends on which side gives in first.
Every indicator describes price action that has already happened; the price can always move in the opposite direction.
DYOR, and trade within your means.