Market Notes｜$CT ｜Trading volume surged 36.9x in 1 hour｜Price rose 25.28%
Definition: Volume spikes over short periods are often incidental. A large trade on a single candlestick may simply be one large order; several consecutive high-volume candles are more convincing.
How to read it: After a steep decline, if trading volume picks up but the price stops falling, some may see it as a sign that buyers are stepping in. But this, too, needs to be confirmed by subsequent price action.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then consider what the indicators say.
Make your own trading decisions; don't follow the crowd.
Definition: Volume spikes over short periods are often incidental. A large trade on a single candlestick may simply be one large order; several consecutive high-volume candles are more convincing.
How to read it: After a steep decline, if trading volume picks up but the price stops falling, some may see it as a sign that buyers are stepping in. But this, too, needs to be confirmed by subsequent price action.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then consider what the indicators say.
Make your own trading decisions; don't follow the crowd.