Market Notes｜$TIA ｜1-hour trading volume up 4.7x｜Price nearly unchanged
First, a definition: Changes in trading volume often appear before changes in price, so many people treat a sudden spike in volume as a prompt to pay attention to a coin. The price still needs to indicate the direction.
How to read it: Whether trading volume increases during a breakout is often considered one way to distinguish a valid breakout from a false one. A move past the level on low volume is more likely to fail.
Cross-checking multiple indicators is more reliable than looking at just one, but no number of signals can provide a definite answer.
#TIA
Don't treat this as a basis for making trades.
First, a definition: Changes in trading volume often appear before changes in price, so many people treat a sudden spike in volume as a prompt to pay attention to a coin. The price still needs to indicate the direction.
How to read it: Whether trading volume increases during a breakout is often considered one way to distinguish a valid breakout from a false one. A move past the level on low volume is more likely to fail.
Cross-checking multiple indicators is more reliable than looking at just one, but no number of signals can provide a definite answer.
#TIA
Don't treat this as a basis for making trades.