Crypto market drama update: Trading volume over $BOME 5 minutes was about $1.79 million, 12 times the previous average; prices fell 2.01% over the same period.
A sudden spike in trading only proves that trading activity has increased—it doesn’t prove who’s right.
On a more serious note, short-term volume spikes can be quite random. A large trade on one or two candlesticks may simply be a single concentrated transaction; sustained high volume across several consecutive candles would be more convincing.
Reading indicators is easy. The hard part is sticking to your plan when emotions are running high.
#BOME
A sudden spike in trading only proves that trading activity has increased—it doesn’t prove who’s right.
On a more serious note, short-term volume spikes can be quite random. A large trade on one or two candlesticks may simply be a single concentrated transaction; sustained high volume across several consecutive candles would be more convincing.
Reading indicators is easy. The hard part is sticking to your plan when emotions are running high.
#BOME