Quick note: $ETH 15-minute trading turnover was about $135 million, 5.2 times the previous average; prices rose 0.4% over the same period.
People often ask how to interpret trading volume, so here’s my take.
Minute-level volume spikes can be quite random. A spike on a single candlestick may just reflect a burst of concentrated trading; several consecutive high-volume candles are more convincing.
Whether volume expands during a breakout is often seen as one way to distinguish a genuine breakout from a false one: a breakout on low volume is more likely to fail.
Leave plenty of room in your contract positions. Don’t let one sudden swing wipe you out.
People often ask how to interpret trading volume, so here’s my take.
Minute-level volume spikes can be quite random. A spike on a single candlestick may just reflect a burst of concentrated trading; several consecutive high-volume candles are more convincing.
Whether volume expands during a breakout is often seen as one way to distinguish a genuine breakout from a false one: a breakout on low volume is more likely to fail.
Leave plenty of room in your contract positions. Don’t let one sudden swing wipe you out.