Market Notes｜$CTR ｜1-hour trading volume surged 7.2x｜Price fell 7.77%
First, a definition: unusual trading activity often appears before price movements, so many people treat a sudden surge in volume as a cue to pay attention to a coin. You’ll have to wait for the candlesticks to show which way it’s headed.
Next, how to read it: if volume quickly drops back after a surge, the spike is often just a brief flurry of activity. Sustained high volume is more worth taking into account.
The point of understanding an indicator is to avoid being misled by a single number—not to use it to predict tops and bottoms.
First, a definition: unusual trading activity often appears before price movements, so many people treat a sudden surge in volume as a cue to pay attention to a coin. You’ll have to wait for the candlesticks to show which way it’s headed.
Next, how to read it: if volume quickly drops back after a surge, the spike is often just a brief flurry of activity. Sustained high volume is more worth taking into account.
The point of understanding an indicator is to avoid being misled by a single number—not to use it to predict tops and bottoms.