The market is up to its antics again: trading volume over $TAO 5 minutes was about $2.54 million, 9.4 times the previous average; prices were almost unchanged over the same period.
A sudden jump in volume only shows that more people are active—it doesn't prove who's right.
A quick educational note: unusual trading activity sometimes appears before price moves, so many people treat a sudden spike in volume as a cue to pay attention to a coin. The direction, though, is something the candlesticks have to reveal.
Learning to read indicators isn't hard. The hard part is sticking to your rules when the market is at its most extreme.
#TAO
It's your money—think it through before you act.
A sudden jump in volume only shows that more people are active—it doesn't prove who's right.
A quick educational note: unusual trading activity sometimes appears before price moves, so many people treat a sudden spike in volume as a cue to pay attention to a coin. The direction, though, is something the candlesticks have to reveal.
Learning to read indicators isn't hard. The hard part is sticking to your rules when the market is at its most extreme.
#TAO
It's your money—think it through before you act.