Diary of casually watching the market: Trading volume over $PENDLE 5 minutes was about $2.61 million, 39.7 times the previous average; the price rose 1.33% over the same period.
A sudden surge in volume only tells us trading has picked up—it doesn’t prove which side is right.
A quick bit of market education: volume often spikes when news breaks, a key level is breached, large orders go through, or widespread liquidations occur.
Don’t chase trades during the fastest-moving minutes. Wait for the price to settle before deciding.
A sudden surge in volume only tells us trading has picked up—it doesn’t prove which side is right.
A quick bit of market education: volume often spikes when news breaks, a key level is breached, large orders go through, or widespread liquidations occur.
Don’t chase trades during the fastest-moving minutes. Wait for the price to settle before deciding.