🐋 Trading volume over $MITO 1 hours was approximately $5.54 million, 62.1 times the previous average; meanwhile, the price fell 21.71%.
When trading volume surges, many people instinctively assume big money is moving in, but that’s not necessarily the case.
Trading volume in futures and spot markets often differs significantly. Futures volume includes a lot of high-frequency trading, so the two types of volume don’t necessarily mean the same thing.
A surge in volume at a high price level without further price gains is often called “high-volume stagnation,” and many people see it as a sign of growing disagreement between buyers and sellers.
Calculating your order size based on where you place your stop-loss is much more reliable than trading on gut instinct.
#MITO
When trading volume surges, many people instinctively assume big money is moving in, but that’s not necessarily the case.
Trading volume in futures and spot markets often differs significantly. Futures volume includes a lot of high-frequency trading, so the two types of volume don’t necessarily mean the same thing.
A surge in volume at a high price level without further price gains is often called “high-volume stagnation,” and many people see it as a sign of growing disagreement between buyers and sellers.
Calculating your order size based on where you place your stop-loss is much more reliable than trading on gut instinct.
#MITO