Indicator Notes｜$Q ｜1-hour volume up 3.7x｜Price up 5.25%
Definition: Trading volume is how much crypto was traded over a period of time; trading value converts that amount into monetary terms. The multiple in the post compares this period with the average for an earlier period.
How to read it: Whether a breakout is accompanied by a rise in volume is often considered one factor in distinguishing a genuine breakout from a false one. A price move without volume is often more likely to reverse.
Several data points that confirm one another are more reliable than looking at just one, but even multiple signals can’t provide a definitive answer.
This is not financial advice. Make your own buying and selling decisions.
Definition: Trading volume is how much crypto was traded over a period of time; trading value converts that amount into monetary terms. The multiple in the post compares this period with the average for an earlier period.
How to read it: Whether a breakout is accompanied by a rise in volume is often considered one factor in distinguishing a genuine breakout from a false one. A price move without volume is often more likely to reverse.
Several data points that confirm one another are more reliable than looking at just one, but even multiple signals can’t provide a definitive answer.
This is not financial advice. Make your own buying and selling decisions.