Over the past $TIA hours, trading volume was about $48.21 million, 3.8 times the previous average; the price fell 1.35% over the same period.
Let’s use this data to talk about trading volume.
Changes in volume can sometimes show up before price movements, so many people treat a sudden spike in volume as a signal to pay attention to a coin. The direction still has to be confirmed by the candlesticks.
Whether a breakout is accompanied by a surge in volume is often considered one factor in judging whether it’s genuine or a false breakout: a move above resistance on low volume is more likely to reverse.
Don’t place orders during the fastest-moving minutes. Wait for the candlestick to close and settle before deciding.
Let’s use this data to talk about trading volume.
Changes in volume can sometimes show up before price movements, so many people treat a sudden spike in volume as a signal to pay attention to a coin. The direction still has to be confirmed by the candlesticks.
Whether a breakout is accompanied by a surge in volume is often considered one factor in judging whether it’s genuine or a false breakout: a move above resistance on low volume is more likely to reverse.
Don’t place orders during the fastest-moving minutes. Wait for the candlestick to close and settle before deciding.