$CHIP 1-hour trading volume was about $13.9 million, 3.5 times the previous average; price rose 3.06% over the same period.
Let’s use this figure to talk about trading volume.
Trading volume refers to how many coins were traded over a period of time, while turnover is that amount converted into the quote currency. The multiple here compares the current period with the average of the preceding period.
Whether trading volume increases during a breakout is often considered one of the factors that distinguish a genuine breakout from a failed one: breakouts without volume are more likely to fail.
Learning to read indicators isn’t difficult; the hard part is sticking to your plan when the market gets exciting.
#CHIP
This is just my personal opinion, not a basis for making trades.
Let’s use this figure to talk about trading volume.
Trading volume refers to how many coins were traded over a period of time, while turnover is that amount converted into the quote currency. The multiple here compares the current period with the average of the preceding period.
Whether trading volume increases during a breakout is often considered one of the factors that distinguish a genuine breakout from a failed one: breakouts without volume are more likely to fail.
Learning to read indicators isn’t difficult; the hard part is sticking to your plan when the market gets exciting.
#CHIP
This is just my personal opinion, not a basis for making trades.