$ENA 1-hour trading volume was about $38.3 million, 4.7 times the previous average; prices barely moved over the same period.
Let's use this figure to talk about trading volume.
Trading volume in futures and spot markets often differs considerably. Futures volume includes a lot of leveraged turnover, so the two figures don't mean exactly the same thing.
I treat unusual volume as an alert to pay attention, not as a reason to act immediately. I wait for the price to confirm the direction.
Indicators can be wrong, but risk management shouldn't be neglected: deciding in advance what to do if you're wrong matters more than getting the prediction right.
#ENA
Let's use this figure to talk about trading volume.
Trading volume in futures and spot markets often differs considerably. Futures volume includes a lot of leveraged turnover, so the two figures don't mean exactly the same thing.
I treat unusual volume as an alert to pay attention, not as a reason to act immediately. I wait for the price to confirm the direction.
Indicators can be wrong, but risk management shouldn't be neglected: deciding in advance what to do if you're wrong matters more than getting the prediction right.
#ENA