$DOOD ｜1-hour volume surged 6.5x｜Price rose 29.02%
Before looking at positions, first understand what a volume surge is.
Minute-level spikes in trading volume are often random. High volume in one or two candlesticks may just be a cluster of trades; sustained high volume over several candles is more meaningful.
Sometimes volume surges come from mass liquidations: liquidation orders are executed involuntarily, so this kind of volume has a different meaning from voluntary buying and selling. You need to compare it with liquidation data to make a judgment.
It’s easy to learn how to read indicators; the hard part is still following the rules when emotions are running high.
#DOOD
Before looking at positions, first understand what a volume surge is.
Minute-level spikes in trading volume are often random. High volume in one or two candlesticks may just be a cluster of trades; sustained high volume over several candles is more meaningful.
Sometimes volume surges come from mass liquidations: liquidation orders are executed involuntarily, so this kind of volume has a different meaning from voluntary buying and selling. You need to compare it with liquidation data to make a judgment.
It’s easy to learn how to read indicators; the hard part is still following the rules when emotions are running high.
#DOOD