$Lobster’s trading volume over the past hour was about $8.78 million, 3.8 times its previous average; its price fell 7.66% over the same period.
Folks, what does a volume spike mean? Here’s the short version:
Unusual volume often shows up before price moves, so many people treat a volume spike as a signal to pay attention to a coin. The direction, though, is something you have to wait for the price to reveal.
A rise on high volume is often seen as a sign that buying is supporting the move, while a fall on high volume is often seen as a sign of heavier selling pressure. But these are just rules of thumb.
Sizing your position based on your stop-loss distance is much more reliable than picking a trade on a whim.
#龙虾
Folks, what does a volume spike mean? Here’s the short version:
Unusual volume often shows up before price moves, so many people treat a volume spike as a signal to pay attention to a coin. The direction, though, is something you have to wait for the price to reveal.
A rise on high volume is often seen as a sign that buying is supporting the move, while a fall on high volume is often seen as a sign of heavier selling pressure. But these are just rules of thumb.
Sizing your position based on your stop-loss distance is much more reliable than picking a trade on a whim.
#龙虾