$MEW 1 The hourly trading volume was about $5.05 million, 80.6 times the previous average; the price rose 5.5% over the same period.
Let’s use this figure to break down the surge in volume.
Trading volumes in futures and spot markets often differ considerably. Futures volume includes a large amount of leveraged trading, so the two figures don’t mean exactly the same thing.
When volume surges at a high price but the price fails to keep rising, it’s often called “rising volume, flat price.” Many people see it as a sign of growing disagreement between bulls and bears.
Indicators can fail, but stop-losses shouldn’t be neglected: thinking ahead about what to do if you’re wrong matters more than getting the prediction right.
Let’s use this figure to break down the surge in volume.
Trading volumes in futures and spot markets often differ considerably. Futures volume includes a large amount of leveraged trading, so the two figures don’t mean exactly the same thing.
When volume surges at a high price but the price fails to keep rising, it’s often called “rising volume, flat price.” Many people see it as a sign of growing disagreement between bulls and bears.
Indicators can fail, but stop-losses shouldn’t be neglected: thinking ahead about what to do if you’re wrong matters more than getting the prediction right.