$JCT 60 A new daily high—did money actually flow in or out?
There are only two clues: trading value rose to 5 times the daily average, and the price broke above 0.003137.
When price and trading value move in the same direction, it generally means buyers are more aggressive. But large investors usually don’t enter all at once during a single high-volume day. The buying support during a low-volume pullback over the next few days will be more telling.
How do you interpret this set of information?
There are only two clues: trading value rose to 5 times the daily average, and the price broke above 0.003137.
When price and trading value move in the same direction, it generally means buyers are more aggressive. But large investors usually don’t enter all at once during a single high-volume day. The buying support during a low-volume pullback over the next few days will be more telling.
How do you interpret this set of information?