The trading volume over $CHIP 1 hours was approximately $7.34 million, 4.3 times the previous average; the price rose 3.8% over the same period.
While we’re on that figure, let’s talk about trading volume.
To interpret a surge in volume, you need to read it alongside price: where the price is holding and how long the upper and lower wicks are often tell you more than the amount traded.
When volume picks up at a low and the price stops making new lows, some people take it as a sign that buyers are stepping in—but that still needs confirmation from subsequent candlesticks.
Don’t let a single number throw off your own pace, and don’t gamble with borrowed money on any particular prediction.
While we’re on that figure, let’s talk about trading volume.
To interpret a surge in volume, you need to read it alongside price: where the price is holding and how long the upper and lower wicks are often tell you more than the amount traded.
When volume picks up at a low and the price stops making new lows, some people take it as a sign that buyers are stepping in—but that still needs confirmation from subsequent candlesticks.
Don’t let a single number throw off your own pace, and don’t gamble with borrowed money on any particular prediction.
