Trading value over $MAGMA 5 minutes was approximately $1.24 million, 21.3 times the previous average; the price rose 6.28% over the same period.
A beginner’s honest question: How should you interpret a surge in trading volume?
When trading picks up, order-book spreads and slippage tend to widen too, so entering or exiting with market orders can be costly.
A sudden increase in trading only proves that people are more active; it doesn’t tell you which side is right.
It’s easy to learn how to read indicators. The hard part is sticking to your plan when emotions are running high.
#MAGMA
Just sharing some notes; make your own decisions about what to do.
A beginner’s honest question: How should you interpret a surge in trading volume?
When trading picks up, order-book spreads and slippage tend to widen too, so entering or exiting with market orders can be costly.
A sudden increase in trading only proves that people are more active; it doesn’t tell you which side is right.
It’s easy to learn how to read indicators. The hard part is sticking to your plan when emotions are running high.
#MAGMA
Just sharing some notes; make your own decisions about what to do.