$FIL 1 The hourly trading volume was about $16.4 million, 3.6 times the previous average; the price rose 3.26% over the same period.
Folks, what does a spike in volume mean? Here’s the short version 👇
It’s all relative: for a coin that usually trades very little, a several-fold increase might come from just one or two large orders. The same increase in volume is much less common for a top coin.
Whether volume picks up during a breakout is often used as one way to tell a real breakout from a fake one: breakouts on low volume are generally more likely to fail.
Don’t let a single indicator throw your plan off, and don’t use borrowed money to test a reading.
Folks, what does a spike in volume mean? Here’s the short version 👇
It’s all relative: for a coin that usually trades very little, a several-fold increase might come from just one or two large orders. The same increase in volume is much less common for a top coin.
Whether volume picks up during a breakout is often used as one way to tell a real breakout from a fake one: breakouts on low volume are generally more likely to fail.
Don’t let a single indicator throw your plan off, and don’t use borrowed money to test a reading.