📋 Latest data: $CYS ｜1-hour volume surged 117.8x｜Price down 11%
· What it means: Trading volume is often compared to fuel for prices: trends generally need continued trading volume to carry on, but this is an observation, not a rule.
· How to read it: A surge in volume while the price remains almost unchanged means buyers and sellers are trading actively at the current price. Which way the price moves next depends on who gives in first.
Extreme readings are usually accompanied by greater volatility. At times like these, it’s better to reduce leverage rather than make a big bet.
· What it means: Trading volume is often compared to fuel for prices: trends generally need continued trading volume to carry on, but this is an observation, not a rule.
· How to read it: A surge in volume while the price remains almost unchanged means buyers and sellers are trading actively at the current price. Which way the price moves next depends on who gives in first.
Extreme readings are usually accompanied by greater volatility. At times like these, it’s better to reduce leverage rather than make a big bet.