$ORDER 5-minute trading turnover was about $1.37 million, 13 times the previous average; prices rose 3.23% over the same period.
Let’s use this figure to break down trading volume.
To interpret a volume spike, read it alongside the candlestick: the closing price and the length of the wicks are usually more informative than volume alone.
When volume rises at a low price and the price stops falling, some may see it as a sign of buying support—but this needs to be confirmed by subsequent candlesticks.
Understanding an indicator helps you avoid being misled by a single number; it’s not a way to predict price movements precisely.
Let’s use this figure to break down trading volume.
To interpret a volume spike, read it alongside the candlestick: the closing price and the length of the wicks are usually more informative than volume alone.
When volume rises at a low price and the price stops falling, some may see it as a sign of buying support—but this needs to be confirmed by subsequent candlesticks.
Understanding an indicator helps you avoid being misled by a single number; it’s not a way to predict price movements precisely.
