Trading volume over $ALT 1 hours surged to 3.5 times the average, while the price rose 1.78%.
After a volume spike, I look at three things:
1) Price direction: price and volume rising together
2) Whether the volume increase can continue—a single surge may just be a blip
3) The high and low of the high-volume candlestick often become a short-term dividing line
Which side are you on? Share your thoughts.
After a volume spike, I look at three things:
1) Price direction: price and volume rising together
2) Whether the volume increase can continue—a single surge may just be a blip
3) The high and low of the high-volume candlestick often become a short-term dividing line
Which side are you on? Share your thoughts.