$DOOD 1 The hourly trading volume was approximately $5.8 million, 12.7 times the previous average; prices rose 6.77% over the same period.
Folks, what should we make of the spike in trading volume? Here's the short version 👇
Trading volume is the amount traded over a period of time, while trading value converts that amount into the quoted currency. The multiple in the post compares this period with the average over an earlier period.
A surge in volume may also be caused by concentrated liquidations: liquidation orders are forced trades, so this kind of volume has a different meaning from voluntary trading and should be considered alongside liquidation activity.
All indicators summarize price movements that have already happened. The market can turn in the opposite direction at any time.
Folks, what should we make of the spike in trading volume? Here's the short version 👇
Trading volume is the amount traded over a period of time, while trading value converts that amount into the quoted currency. The multiple in the post compares this period with the average over an earlier period.
A surge in volume may also be caused by concentrated liquidations: liquidation orders are forced trades, so this kind of volume has a different meaning from voluntary trading and should be considered alongside liquidation activity.
All indicators summarize price movements that have already happened. The market can turn in the opposite direction at any time.