$APR 1-hour trading volume was approximately $61.63 million, 9.3 times the previous average; during the same period, the price fell 23.28%.
Let’s break this number down.
Multiples are relative: for a usually quiet coin, a several-fold increase in volume may come from just a few large orders, while the same increase in volume for a major coin is much rarer.
Don’t follow blindly just because volume has increased. These surges often happen when volatility is high, so reducing your position a little can help you stay more composed.
The same data can mean very different things in different market conditions, so don’t apply a single rule mechanically.
Let’s break this number down.
Multiples are relative: for a usually quiet coin, a several-fold increase in volume may come from just a few large orders, while the same increase in volume for a major coin is much rarer.
Don’t follow blindly just because volume has increased. These surges often happen when volatility is high, so reducing your position a little can help you stay more composed.
The same data can mean very different things in different market conditions, so don’t apply a single rule mechanically.