🧭 Latest data: $PONS ｜Volume surged 8.2× in 1 hour｜Price fell 3.1%
· What it means: Trading volume is often compared to fuel for market moves: for a trend to continue, trading activity usually needs to keep pace—but this is a rule of thumb, not a law.
· How to read it: A surge in volume while the price stays almost flat means buyers and sellers are very active at the current price. To see which way the market moves next, watch for which side gives way first.
Extreme readings are usually accompanied by greater volatility. At times like these, it’s better to reduce your position rather than add to it.
· What it means: Trading volume is often compared to fuel for market moves: for a trend to continue, trading activity usually needs to keep pace—but this is a rule of thumb, not a law.
· How to read it: A surge in volume while the price stays almost flat means buyers and sellers are very active at the current price. To see which way the market moves next, watch for which side gives way first.
Extreme readings are usually accompanied by greater volatility. At times like these, it’s better to reduce your position rather than add to it.