Volume is a leading indicator of price. $NIL 1-hour volume ratio: 5.2; trading volume: $5.52 million; price: +7.59%.
A surge in volume is driving the move higher. If elevated volume persists over the next few candlesticks, the rally is more likely to continue.
Not chasing the price doesn’t mean being bearish—waiting for a pullback gives you more room to act.
A surge in volume is driving the move higher. If elevated volume persists over the next few candlesticks, the rally is more likely to continue.
Not chasing the price doesn’t mean being bearish—waiting for a pullback gives you more room to act.