$SIREN ｜1-hour trading volume surged 17.3x｜Price fell 11.15%
Before looking at positions, first understand trading volume.
A surge in trading volume usually occurs when news is released, a key level is breached, large orders are filled, or mass liquidations take place.
Sometimes a surge in volume is caused by mass liquidations: liquidation orders are forced trades, so this kind of volume has a different meaning from voluntary trading. It should be considered alongside liquidation data.
Indicators can fail, so always use stop-losses: thinking ahead about what to do if you're wrong matters more than getting the prediction right.
#SIREN
Before looking at positions, first understand trading volume.
A surge in trading volume usually occurs when news is released, a key level is breached, large orders are filled, or mass liquidations take place.
Sometimes a surge in volume is caused by mass liquidations: liquidation orders are forced trades, so this kind of volume has a different meaning from voluntary trading. It should be considered alongside liquidation data.
Indicators can fail, so always use stop-losses: thinking ahead about what to do if you're wrong matters more than getting the prediction right.
#SIREN
