$CHIP 90 With this move to a new daily high, did money actually flow in or out?
Two things are clear: trading volume rose to 5 times the daily average, and the price broke above 0.06237.
When volume and price move in the same direction, it usually indicates more aggressive buying. But big money generally doesn’t enter in a single day of heavy trading. What really matters is whether buyers step in when volume contracts and the price pulls back over the next few days.
What will you be watching next?
#CHIP
Markets carry risks. Be cautious when entering.
Two things are clear: trading volume rose to 5 times the daily average, and the price broke above 0.06237.
When volume and price move in the same direction, it usually indicates more aggressive buying. But big money generally doesn’t enter in a single day of heavy trading. What really matters is whether buyers step in when volume contracts and the price pulls back over the next few days.
What will you be watching next?
#CHIP
Markets carry risks. Be cautious when entering.