$GWEI 1Hourly trading volume was about $5.01 million, 10.9 times the previous average; the price rose 5.03% over the same period.
Let’s use this data to talk about trading volume.
Trading volume in futures and spot markets can differ significantly. Futures volume includes a lot of high-frequency trading, so the two figures don’t mean exactly the same thing.
After a significant decline, rising volume with no further price drop may be seen as a sign of buying support, but this still needs confirmation from subsequent candlesticks.
Understanding an indicator helps you avoid being misled by a single number; it’s not for pinpointing tops and bottoms.
#GWEI
Just sharing—not investment advice.
Let’s use this data to talk about trading volume.
Trading volume in futures and spot markets can differ significantly. Futures volume includes a lot of high-frequency trading, so the two figures don’t mean exactly the same thing.
After a significant decline, rising volume with no further price drop may be seen as a sign of buying support, but this still needs confirmation from subsequent candlesticks.
Understanding an indicator helps you avoid being misled by a single number; it’s not for pinpointing tops and bottoms.
#GWEI
Just sharing—not investment advice.