$SXT 1The hourly trading volume was about $5.58 million, 12.7 times the previous average; the price barely moved over the same period.
When I first got into crypto, I always thought high trading volume meant people were buying. It took me a while to understand: volume measures how much has traded, and every trade always has both a buyer and a seller. A rise on high volume is often interpreted as buyers being more aggressive, while a drop on high volume suggests the opposite. These are just rules of thumb.
After a spike in volume, if it quickly falls back, that surge is often just a brief pulse. Sustained high volume is what’s more worth watching.
Indicators can be wrong, but stop-losses are essential: thinking through what you’ll do if your judgment is wrong matters more than getting the prediction right.
#SXT
When I first got into crypto, I always thought high trading volume meant people were buying. It took me a while to understand: volume measures how much has traded, and every trade always has both a buyer and a seller. A rise on high volume is often interpreted as buyers being more aggressive, while a drop on high volume suggests the opposite. These are just rules of thumb.
After a spike in volume, if it quickly falls back, that surge is often just a brief pulse. Sustained high volume is what’s more worth watching.
Indicators can be wrong, but stop-losses are essential: thinking through what you’ll do if your judgment is wrong matters more than getting the prediction right.
#SXT