🔍 $XMR 5-minute trading value was about $1.24 million, 9.1 times the previous average; the price fell 1.03% over the same period.
[Term explained] How should you interpret a spike in trading volume?
Trading volumes in futures and spot markets often differ greatly. Futures volume includes a lot of leveraged position turnover, so a surge in volume does not mean exactly the same thing in both markets.
Don’t let a single indicator throw off your strategy, and never use borrowed money to test what a reading means.
#XMR
[Term explained] How should you interpret a spike in trading volume?
Trading volumes in futures and spot markets often differ greatly. Futures volume includes a lot of leveraged position turnover, so a surge in volume does not mean exactly the same thing in both markets.
Don’t let a single indicator throw off your strategy, and never use borrowed money to test what a reading means.
#XMR