$RWUSD 5-minute trading value was approximately $1.44 million, 56.1 times the previous average; the price barely moved during the same period.
When I first got into the market, I thought high trading volume meant more people were buying. Later, I realized that volume measures how much was traded, and the amount bought and sold is always the same. A rise on high volume is often interpreted as buyers being more aggressive; a drop on high volume is the opposite. These are all rules of thumb.
An unusually high reading usually signals greater volatility. At times like these, it’s better to reduce leverage rather than make a big bet.
#RWUSD
This isn’t financial advice. Make your own trading decisions.
When I first got into the market, I thought high trading volume meant more people were buying. Later, I realized that volume measures how much was traded, and the amount bought and sold is always the same. A rise on high volume is often interpreted as buyers being more aggressive; a drop on high volume is the opposite. These are all rules of thumb.
An unusually high reading usually signals greater volatility. At times like these, it’s better to reduce leverage rather than make a big bet.
#RWUSD
This isn’t financial advice. Make your own trading decisions.