A quick note: the $POL 15-minute trading volume was about $2.51 million, 7.7 times the previous average; during the same period, the price fell 2.01%.
People often ask how to interpret a surge in volume, so here’s my take.
Volume should be read together with price: the price level a coin settles at and the length of its upper and lower wicks often tell you more than volume alone.
When volume and price move in sync, the trend is easier to understand. When they diverge, it’s often more worth examining—for example, when the price rises while volume keeps falling.
Indicators can fail, but stop-losses are essential: deciding in advance what to do if you’re wrong matters more than whether your prediction is right.
#POL
People often ask how to interpret a surge in volume, so here’s my take.
Volume should be read together with price: the price level a coin settles at and the length of its upper and lower wicks often tell you more than volume alone.
When volume and price move in sync, the trend is easier to understand. When they diverge, it’s often more worth examining—for example, when the price rises while volume keeps falling.
Indicators can fail, but stop-losses are essential: deciding in advance what to do if you’re wrong matters more than whether your prediction is right.
#POL