Dinner is served—today’s candlestick chart morsel: $XLM 5-minute trading volume was about $1.35 million, 16.7 times the previous average; prices were almost unchanged over the same period.
A sudden jump in volume only tells us that people got busier; it doesn’t tell us who was right.
A quick educational note: every trade has both a buyer and a seller, so higher volume by itself doesn’t mean there were more buyers or that money was flowing in—it just means trading was more frequent.
Several data points corroborating one another is more reliable than looking at just one, but even more indicators can’t provide a definitive answer.
#XLM
A sudden jump in volume only tells us that people got busier; it doesn’t tell us who was right.
A quick educational note: every trade has both a buyer and a seller, so higher volume by itself doesn’t mean there were more buyers or that money was flowing in—it just means trading was more frequent.
Several data points corroborating one another is more reliable than looking at just one, but even more indicators can’t provide a definitive answer.
#XLM