$TRUTH The 1-hour trading value was approximately $20.94 million, 5.2 times the previous average; over the same period, the price fell 17.83%.
Let’s use this data to talk about a surge in trading volume.
Short-term spikes in trading volume can be quite noisy. A large-volume candlestick may simply reflect a single large order; several consecutive high-volume candles are more meaningful.
When volume surges while the price stays roughly flat, it means buyers and sellers have exchanged positions extensively at that level. Which way the price moves next depends on who gives in first.
Calculating your position size based on where you place your stop-loss is much more reliable than placing trades on a whim.
#TRUTH
Let’s use this data to talk about a surge in trading volume.
Short-term spikes in trading volume can be quite noisy. A large-volume candlestick may simply reflect a single large order; several consecutive high-volume candles are more meaningful.
When volume surges while the price stays roughly flat, it means buyers and sellers have exchanged positions extensively at that level. Which way the price moves next depends on who gives in first.
Calculating your position size based on where you place your stop-loss is much more reliable than placing trades on a whim.
#TRUTH