Trading volume over $BONK 5 minutes was approximately $1.54 million, 28.6 times the previous average; prices fell 4.3% over the same period.
Let’s unpack what’s behind this figure.
A spike in volume often occurs when news breaks, a key level is breached, large orders enter or exit the market, or widespread liquidations take place.
Indicators may be inaccurate, but risk management should never be absent: thinking ahead about what you’ll do if your judgment is wrong matters more than guessing correctly.
Let’s unpack what’s behind this figure.
A spike in volume often occurs when news breaks, a key level is breached, large orders enter or exit the market, or widespread liquidations take place.
Indicators may be inaccurate, but risk management should never be absent: thinking ahead about what you’ll do if your judgment is wrong matters more than guessing correctly.