Technical Notes｜$BOME ｜Volume surged 6.3x in 1 hour｜Price fell 6.71%
Definition: Volume should be read alongside price. The price level it holds at and the length of its upper and lower shadows usually tell you more than volume alone.
How to read it: If volume surges while the price stays roughly flat, it means buyers and sellers are changing hands extensively at the current price. To tell which way the price will move next, watch for which side gives in first.
Calculating order size based on the stop-loss distance is much more reliable than guessing.
#BOME
Definition: Volume should be read alongside price. The price level it holds at and the length of its upper and lower shadows usually tell you more than volume alone.
How to read it: If volume surges while the price stays roughly flat, it means buyers and sellers are changing hands extensively at the current price. To tell which way the price will move next, watch for which side gives in first.
Calculating order size based on the stop-loss distance is much more reliable than guessing.
#BOME