Technical Note｜$XAUT ｜1-hour volume up 16.7×｜Price down 1.32%
Definition: Trading volume refers to how many coins were traded over a period of time. Trading value is that amount converted into the quote currency. The multiple in the post compares the current period with the average of the preceding period.
A common way to read it: Whether volume expands during a breakout is often used as one indicator of whether the breakout is genuine or false. Breakouts on declining volume are more likely to fail.
The point of understanding this indicator is to avoid being misled by the numbers, not to use it to predict price movements precisely.
#XAUT
Definition: Trading volume refers to how many coins were traded over a period of time. Trading value is that amount converted into the quote currency. The multiple in the post compares the current period with the average of the preceding period.
A common way to read it: Whether volume expands during a breakout is often used as one indicator of whether the breakout is genuine or false. Breakouts on declining volume are more likely to fail.
The point of understanding this indicator is to avoid being misled by the numbers, not to use it to predict price movements precisely.
#XAUT