Market Notes｜$SAND ｜1-hour volume up 7.6x｜Price down 1.1%
First, a quick definition: changes in trading volume can sometimes show up before price moves, so many people treat unusually high volume as a cue to keep an eye on a coin. The direction it will take remains to be seen until price confirms it.
A common way to read it: after a volume spike, if volume quickly shrinks back, it was probably just a brief burst. If elevated volume persists, that’s more worth watching.
Indicators can be wrong, but risk management shouldn’t be absent: thinking in advance about what to do if your judgment is wrong matters more than guessing correctly.
First, a quick definition: changes in trading volume can sometimes show up before price moves, so many people treat unusually high volume as a cue to keep an eye on a coin. The direction it will take remains to be seen until price confirms it.
A common way to read it: after a volume spike, if volume quickly shrinks back, it was probably just a brief burst. If elevated volume persists, that’s more worth watching.
Indicators can be wrong, but risk management shouldn’t be absent: thinking in advance about what to do if your judgment is wrong matters more than guessing correctly.