🔍 Data snapshot: $CYS ｜Trading volume surged 117.8x in 1 hour｜Price fell 11%
· Definition: To understand a surge in volume, you need to look at price too: where the price settles and how long the wicks are often tell you more than the volume itself.
· Common interpretation: A surge in volume can sometimes result from a wave of liquidations. Liquidation orders are forced trades, so this kind of volume surge means something different from voluntary buying and selling. You need to check liquidation data to judge it.
Understanding an indicator helps you avoid being spooked by the numbers—it’s not a way to predict whether prices will rise or fall.
This is just a market update. Make your own trading decisions.
· Definition: To understand a surge in volume, you need to look at price too: where the price settles and how long the wicks are often tell you more than the volume itself.
· Common interpretation: A surge in volume can sometimes result from a wave of liquidations. Liquidation orders are forced trades, so this kind of volume surge means something different from voluntary buying and selling. You need to check liquidation data to judge it.
Understanding an indicator helps you avoid being spooked by the numbers—it’s not a way to predict whether prices will rise or fall.
This is just a market update. Make your own trading decisions.