$SNDKB 5-minute trading volume was about $2.65 million, 23.1 times the previous average; the price was nearly unchanged over the same period.
Folks, what should we make of a spike in trading volume? Here’s the quick explanation 👇
Multiples are relative: for a coin that usually trades very little, a several-fold increase may just come from a few large orders. The same increase in a major coin would be much rarer.
Rising prices on high volume are often seen as a sign of buying support, while falling prices on high volume are often taken to indicate heavy selling pressure—but these are only rules of thumb.
Extreme readings often mean greater volatility. That’s when you should be reducing leverage, not piling on.
Folks, what should we make of a spike in trading volume? Here’s the quick explanation 👇
Multiples are relative: for a coin that usually trades very little, a several-fold increase may just come from a few large orders. The same increase in a major coin would be much rarer.
Rising prices on high volume are often seen as a sign of buying support, while falling prices on high volume are often taken to indicate heavy selling pressure—but these are only rules of thumb.
Extreme readings often mean greater volatility. That’s when you should be reducing leverage, not piling on.