$ZRO ｜1-hour trading volume up 5.1x｜Price down 4.44%
Before discussing capital flows, first understand trading volume.
Unusual volume often appears before price movements, so many people use an abnormal spike in volume as a signal to keep an eye on a coin. Which way it will go, though, is something the candlesticks will have to show.
When volume surges but the price barely moves, it means buyers and sellers have exchanged positions extensively at this price. To see which direction the price moves next, we’ll have to watch who gives way first.
Sizing your position based on the distance to your stop-loss is much more reliable than placing orders by feel.
#ZRO
Before discussing capital flows, first understand trading volume.
Unusual volume often appears before price movements, so many people use an abnormal spike in volume as a signal to keep an eye on a coin. Which way it will go, though, is something the candlesticks will have to show.
When volume surges but the price barely moves, it means buyers and sellers have exchanged positions extensively at this price. To see which direction the price moves next, we’ll have to watch who gives way first.
Sizing your position based on the distance to your stop-loss is much more reliable than placing orders by feel.
#ZRO