$AVAX 5-minute turnover surged to 12.7 times the average, while the price fell 0.76%.
After a volume spike, I look at three things:
1) Price direction: volume up, price down
2) Whether the high volume can be sustained—a single volume spike may be a one-off
3) The high and low of the high-volume candlestick, which often become key short-term levels
Is this an opportunity or a trap?
After a volume spike, I look at three things:
1) Price direction: volume up, price down
2) Whether the high volume can be sustained—a single volume spike may be a one-off
3) The high and low of the high-volume candlestick, which often become key short-term levels
Is this an opportunity or a trap?