$LUMIA 1 Hourly trading volume was approximately $20.96 million, 4.3 times the previous average; prices rose 7.34% over the same period.
A beginner’s honest question: What does a surge in trading volume mean?
Minute-by-minute volume spikes can be noisy. A surge in volume over just one or two candlesticks may simply be due to a single large order; several consecutive high-volume candles are more informative.
A sudden increase in trading activity only shows that trading has picked up—it doesn’t tell you who’s right.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#LUMIA
These views are for discussion only. You assume all risks.
A beginner’s honest question: What does a surge in trading volume mean?
Minute-by-minute volume spikes can be noisy. A surge in volume over just one or two candlesticks may simply be due to a single large order; several consecutive high-volume candles are more informative.
A sudden increase in trading activity only shows that trading has picked up—it doesn’t tell you who’s right.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#LUMIA
These views are for discussion only. You assume all risks.