A slacker’s market-watching diary: $ZK 1-hour trading volume was about $6.61 million, 6.6 times the previous average; price rose 6.95% over the same period.
A sudden jump in trading activity only shows that trading has picked up—it doesn’t prove who’s right.
On a more serious note, when looking at a volume spike, consider it alongside the price: where the price closes and how long the wicks are are often more informative than volume alone.
Every indicator summarizes past market action, and prices can absolutely move in the opposite direction.
#ZK
A sudden jump in trading activity only shows that trading has picked up—it doesn’t prove who’s right.
On a more serious note, when looking at a volume spike, consider it alongside the price: where the price closes and how long the wicks are are often more informative than volume alone.
Every indicator summarizes past market action, and prices can absolutely move in the opposite direction.
#ZK