Indicator Note | $MAGIC | 1-hour trading volume surged 3.8x | Price rose 5.35%
Definition: When trading volume surges, the bid-ask spread and slippage often widen as well, so chasing the market with a market order can be costly.
How to read it: A rise on heavy volume is often interpreted as an increase backed by trading activity, while a fall on heavy volume is often seen as genuine selling pressure. But these are only rules of thumb.
Don’t change your plan based on a single indicator, and never gamble with borrowed money on a reading.
#MAGIC
Definition: When trading volume surges, the bid-ask spread and slippage often widen as well, so chasing the market with a market order can be costly.
How to read it: A rise on heavy volume is often interpreted as an increase backed by trading activity, while a fall on heavy volume is often seen as genuine selling pressure. But these are only rules of thumb.
Don’t change your plan based on a single indicator, and never gamble with borrowed money on a reading.
#MAGIC