Technical Note｜$DOT ｜15-minute volume surged 5.9×｜Price fell 1.58%
First, a definition: Trading volume is often compared to the fuel that drives market movements. For a trend to continue, it usually needs sustained support from trading activity, but this is an observation based on experience, not a rule.
A common way to read it: Whether trading volume expands during a breakout is often considered one factor in judging whether the breakout is genuine or invalid. Breakouts on declining volume are often more likely to reverse.
Leave enough room in leveraged positions; don't let a single price wick force you out of your position.
#DOT
First, a definition: Trading volume is often compared to the fuel that drives market movements. For a trend to continue, it usually needs sustained support from trading activity, but this is an observation based on experience, not a rule.
A common way to read it: Whether trading volume expands during a breakout is often considered one factor in judging whether the breakout is genuine or invalid. Breakouts on declining volume are often more likely to reverse.
Leave enough room in leveraged positions; don't let a single price wick force you out of your position.
#DOT