$W The 1-hour trading volume was about $69.63 million, 3.6 times the previous average; meanwhile, the price fell 6.73%.
A beginner asks the million-dollar question: What does a spike in volume actually tell us?
Volume is best read alongside price: the closing price and the length of the wicks often tell you more than the trading volume itself.
A rise on heavy volume is often seen as evidence of buying support, while a drop on heavy volume is often seen as a sign of strong selling pressure—but these are only rules of thumb.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if you’re wrong matters more than guessing correctly.
#W
A beginner asks the million-dollar question: What does a spike in volume actually tell us?
Volume is best read alongside price: the closing price and the length of the wicks often tell you more than the trading volume itself.
A rise on heavy volume is often seen as evidence of buying support, while a drop on heavy volume is often seen as a sign of strong selling pressure—but these are only rules of thumb.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if you’re wrong matters more than guessing correctly.
#W