Late-night market-watching log: The trading volume over $XLM 5 minutes was about $4.72 million, 27 times the previous average; the price fell 2.63% over the same period.
A sudden surge in trading only means trading has picked up—it doesn’t tell us which side is winning.
On a more serious note, changes in volume sometimes show up before price movements, which is why many people treat a sudden spike in volume as a signal to pay attention to a coin. The direction still has to be confirmed by price.
Understanding the indicators isn’t hard. The hard part is sticking to your rules when emotions are running high.
#XLM
A sudden surge in trading only means trading has picked up—it doesn’t tell us which side is winning.
On a more serious note, changes in volume sometimes show up before price movements, which is why many people treat a sudden spike in volume as a signal to pay attention to a coin. The direction still has to be confirmed by price.
Understanding the indicators isn’t hard. The hard part is sticking to your rules when emotions are running high.
#XLM