$SAND 5The trading volume over the past minute was about 4.7 million USD, which is 26.2 times the previous average; during the same period, the price fell 0.86%.
Brothers, how should we view the surge in trading volume? Let me explain it clearly in one paragraph👇
A volume spike usually happens when news comes out, a key price level is broken, large orders enter or exit, or forced liquidations occur.
Don’t just chase it because of the multiple; when volume surges, volatility is usually also relatively intense, so keeping a lighter position is more composed.
Don’t place an order at the most violent moment of the move; wait for the price action to play out before looking at it.
#SAND
Make your own buying and selling decisions, and don’t follow the crowd.
Brothers, how should we view the surge in trading volume? Let me explain it clearly in one paragraph👇
A volume spike usually happens when news comes out, a key price level is broken, large orders enter or exit, or forced liquidations occur.
Don’t just chase it because of the multiple; when volume surges, volatility is usually also relatively intense, so keeping a lighter position is more composed.
Don’t place an order at the most violent moment of the move; wait for the price action to play out before looking at it.
#SAND
Make your own buying and selling decisions, and don’t follow the crowd.