🔍 Data: $BCH ｜5-minute volume up 12.6x｜price nearly unchanged
· What it means: Every trade has both a buyer and a seller, so higher volume by itself doesn’t mean there are more buyers or that money is flowing in; it simply means trading activity has picked up.
· How to read it: Whether volume expands during a breakout is often one of the criteria used to judge whether the breakout is valid. A move above resistance on low volume is more likely to reverse.
It’s easy to learn how to read indicators; the hard part is sticking to your rules when the market is at its most extreme.
#BCH
· What it means: Every trade has both a buyer and a seller, so higher volume by itself doesn’t mean there are more buyers or that money is flowing in; it simply means trading activity has picked up.
· How to read it: Whether volume expands during a breakout is often one of the criteria used to judge whether the breakout is valid. A move above resistance on low volume is more likely to reverse.
It’s easy to learn how to read indicators; the hard part is sticking to your rules when the market is at its most extreme.
#BCH