🐋 Trading volume over $ZORA 5 minutes was approximately $1.61 million, 12.2 times the previous average; during the same period, the price fell 4.82%.
When volume spikes, many people’s first reaction is that big money has arrived—but that isn’t necessarily the case.
Volume should be read alongside candlestick charts: where the price settles and how long the wicks are often tell you more than the volume itself.
After a volume spike, if volume quickly falls back, it’s often just a brief burst. Sustained elevated volume is more meaningful.
Extreme readings often come with greater volatility. At times like these, it’s wiser to reduce leverage than to make a heavy bet.
When volume spikes, many people’s first reaction is that big money has arrived—but that isn’t necessarily the case.
Volume should be read alongside candlestick charts: where the price settles and how long the wicks are often tell you more than the volume itself.
After a volume spike, if volume quickly falls back, it’s often just a brief burst. Sustained elevated volume is more meaningful.
Extreme readings often come with greater volatility. At times like these, it’s wiser to reduce leverage than to make a heavy bet.