Technical Notes | $Lobster | 1-hour volume up 10.9x | Price up 2.31%
Definition: When analyzing trading volume, read it alongside price: the closing price and the length of the upper and lower wicks often offer more insight than volume alone.
How to read it: Don’t chase a move just because of the multiple. Volatility is often higher when volume surges, so using less leverage is the safer approach.
Indicators can fail, but stop-losses shouldn’t be skipped: deciding in advance what to do if you’re wrong matters more than whether your prediction is right.
For record-keeping only. Not financial advice.
Definition: When analyzing trading volume, read it alongside price: the closing price and the length of the upper and lower wicks often offer more insight than volume alone.
How to read it: Don’t chase a move just because of the multiple. Volatility is often higher when volume surges, so using less leverage is the safer approach.
Indicators can fail, but stop-losses shouldn’t be skipped: deciding in advance what to do if you’re wrong matters more than whether your prediction is right.
For record-keeping only. Not financial advice.