The trading volume over $BTW 1 hours was approximately 39.83 million US dollars, 4.4 times the previous average; during the same period, the price rose by 0.75%.
Let’s use this number to talk about surging volume.
Every trade has both a buyer and a seller, so surging volume itself cannot mean there are more buyers or that money is flowing in; it only indicates that turnover has become more active.
If volume surges at low levels and prices stop falling, some people may interpret it as a sign of buying support, but this still needs to be confirmed by subsequent price action.
Rare readings often imply greater volatility; at such times, it is more appropriate to reduce positions rather than add to them.
#BTW
Let’s use this number to talk about surging volume.
Every trade has both a buyer and a seller, so surging volume itself cannot mean there are more buyers or that money is flowing in; it only indicates that turnover has become more active.
If volume surges at low levels and prices stop falling, some people may interpret it as a sign of buying support, but this still needs to be confirmed by subsequent price action.
Rare readings often imply greater volatility; at such times, it is more appropriate to reduce positions rather than add to them.
#BTW