$SOL This hour, let’s start with the actual data in front of us.
Binance Spot, Oct. 24, 20:05–21:05 (Beijing time): up 0.31%, with a trading volume of 3.7146 million USDT, 1.21 times that of the previous hour. The closing price for the period was 101.73 USDT.
Trading volume was higher than in the previous hour, but an increase in volume alone can’t identify who was participating or prove that the price will continue to rise. Price movements and trading volume answer different questions, so let’s look at the figures alongside the time period.
What will you watch first in the next hour: price movement or trading volume?
#SOL #MarketWatch
Binance Spot, Oct. 24, 20:05–21:05 (Beijing time): up 0.31%, with a trading volume of 3.7146 million USDT, 1.21 times that of the previous hour. The closing price for the period was 101.73 USDT.
Trading volume was higher than in the previous hour, but an increase in volume alone can’t identify who was participating or prove that the price will continue to rise. Price movements and trading volume answer different questions, so let’s look at the figures alongside the time period.
What will you watch first in the next hour: price movement or trading volume?
#SOL #MarketWatch