$NIL 1-hour trading volume was approximately $5.98 million, 11.3 times the previous average; the price rose 8.47% over the same period.
Folks, how should we interpret the surge in trading volume? Here’s the short version 👇
Volume should be read alongside the candlesticks: the price level and the length of the upper and lower wicks often tell you more than volume alone.
I personally treat unusual trading volume as a reminder to pay attention, not as a reason to place an order immediately. Let the candlesticks confirm the direction.
Cross-checking multiple data points is more reliable than looking at just one, but even more indicators can’t give you a definitive answer.
#NIL
Folks, how should we interpret the surge in trading volume? Here’s the short version 👇
Volume should be read alongside the candlesticks: the price level and the length of the upper and lower wicks often tell you more than volume alone.
I personally treat unusual trading volume as a reminder to pay attention, not as a reason to place an order immediately. Let the candlesticks confirm the direction.
Cross-checking multiple data points is more reliable than looking at just one, but even more indicators can’t give you a definitive answer.
#NIL