Just sharing a personal observation: $ARK saw a sudden volume spike over the past hour—volume was 17.4 times the usual level, and the price was up 4.99%.
I don’t pay attention to the first candle. I wait for the second candle after the volume surge: if it holds, that’s a genuine move; if not, it’s probably just a short-lived spike.
How do you usually handle a volume surge?
I don’t pay attention to the first candle. I wait for the second candle after the volume surge: if it holds, that’s a genuine move; if not, it’s probably just a short-lived spike.
How do you usually handle a volume surge?