$LTC 5The 15-minute trading volume was about $2.69 million, 17 times the previous average; the price was nearly unchanged over the same period.
A beginner’s million-dollar question: How should you interpret a spike in trading volume?
Trading volume is how many coins were traded over a period of time. Trading value is that amount converted into currency. The volume multiple in the post compares that period with the average over a previous period.
Don’t jump in just because volume has surged. Volatility is often highest during these surges, so keeping your position size smaller can help you stay composed.
With leveraged trading, first consider whether you can handle the worst-case outcome, then look at what the signals are saying.
A beginner’s million-dollar question: How should you interpret a spike in trading volume?
Trading volume is how many coins were traded over a period of time. Trading value is that amount converted into currency. The volume multiple in the post compares that period with the average over a previous period.
Don’t jump in just because volume has surged. Volatility is often highest during these surges, so keeping your position size smaller can help you stay composed.
With leveraged trading, first consider whether you can handle the worst-case outcome, then look at what the signals are saying.