A not-so-funny fact: trading volume over $FARTCOIN 5 minutes was about $1.19 million, 29.1 times the previous average; the price barely moved during the same period.
A sudden spike in volume only tells you that more people are active—it doesn’t prove which side is right.
More seriously, read a volume spike alongside the price: where the price settles and how long the wicks are are usually more informative than the trading volume itself.
The point of learning an indicator is to avoid being misled by a single number, not to use it to predict whether prices will rise or fall.
This may not be right, so don’t follow it blindly.
A sudden spike in volume only tells you that more people are active—it doesn’t prove which side is right.
More seriously, read a volume spike alongside the price: where the price settles and how long the wicks are are usually more informative than the trading volume itself.
The point of learning an indicator is to avoid being misled by a single number, not to use it to predict whether prices will rise or fall.
This may not be right, so don’t follow it blindly.