$SEI 1-hour trading volume was about $5.11 million, 5.6 times the previous average; the price was nearly unchanged over the same period.
Folks, how should you read a spike in trading volume? Here’s the short version.
Trading volume often changes before the price does, so many people treat unusual volume as a signal to watch a coin. The price still has to show which way it’s headed.
When volume and price move in the same direction, the trend is clearer. When they diverge, it’s worth taking a closer look—for example, when the price hits a new high while trading volume keeps shrinking.
Leave enough room in your futures positions. Don’t let a single wick wipe you out.
I can be wrong too—this isn’t advice.
Folks, how should you read a spike in trading volume? Here’s the short version.
Trading volume often changes before the price does, so many people treat unusual volume as a signal to watch a coin. The price still has to show which way it’s headed.
When volume and price move in the same direction, the trend is clearer. When they diverge, it’s worth taking a closer look—for example, when the price hits a new high while trading volume keeps shrinking.
Leave enough room in your futures positions. Don’t let a single wick wipe you out.
I can be wrong too—this isn’t advice.