$PEPE The 15-minute trading volume was approximately $8.58 million, 6.2 times the previous average; during the same period, the price fell 1.43%.
Let’s use this data to talk about trading volume.
Trading volume is often compared to fuel for the market: for a trend to continue, volume usually needs to keep up—but this is a rule of thumb, not a law.
Rising volume during a price increase is often seen as a sign that buying is supporting the rise; rising volume during a decline is often seen as a sign of genuine selling pressure. But these are only rules-of-thumb interpretations.
Learning to read indicators is easy; the hard part is still following your rules when emotions are at their most extreme.
Let’s use this data to talk about trading volume.
Trading volume is often compared to fuel for the market: for a trend to continue, volume usually needs to keep up—but this is a rule of thumb, not a law.
Rising volume during a price increase is often seen as a sign that buying is supporting the rise; rising volume during a decline is often seen as a sign of genuine selling pressure. But these are only rules-of-thumb interpretations.
Learning to read indicators is easy; the hard part is still following your rules when emotions are at their most extreme.
