$WLFI 5-minute trading volume was about $1.04 million, 9.2 times the previous average; the price fell 1.26% over the same period.
Let’s talk about what’s behind this figure.
Unusual trading volume often appears before price movements, so many people treat a spike in volume as a cue to pay attention to a coin, while waiting for the candlesticks to reveal the direction.
When volume rises at a low price and the price doesn’t keep falling, some people interpret it as a sign that buyers are stepping in—but subsequent price action needs to confirm this.
All data merely summarizes market activity that has already happened; the price could very well move in the opposite direction.
#WLFI
Let’s talk about what’s behind this figure.
Unusual trading volume often appears before price movements, so many people treat a spike in volume as a cue to pay attention to a coin, while waiting for the candlesticks to reveal the direction.
When volume rises at a low price and the price doesn’t keep falling, some people interpret it as a sign that buyers are stepping in—but subsequent price action needs to confirm this.
All data merely summarizes market activity that has already happened; the price could very well move in the opposite direction.
#WLFI