$LIT Hourly trading volume rose to 6.7 times the average, with the price up 5.78%.
After a volume spike, I look at three things:
1) Direction of the price move: up
2) Whether the increased volume continues— a single high-volume candle could just be a brief spike
3) The high and low of the high-volume candle, which often become key short-term levels
Do you think this is the beginning or the end?
After a volume spike, I look at three things:
1) Direction of the price move: up
2) Whether the increased volume continues— a single high-volume candle could just be a brief spike
3) The high and low of the high-volume candle, which often become key short-term levels
Do you think this is the beginning or the end?