Over $AKE 5 minutes, trading value was about $1.72 million, 11.6 times the previous average; prices rose 4.26% over the same period.
How was that figure calculated?
Trading volume is how many coins were traded over a period of time, while trading value converts that amount into monetary terms. The multiple here compares the current period with the average over the preceding period.
Whether a breakout is accompanied by a surge in volume is often used to distinguish a genuine breakout from a false one: a move through resistance on low volume is more likely to fail.
Don’t place an order at the most volatile moment. Wait for the price to stabilize before taking a closer look.
How was that figure calculated?
Trading volume is how many coins were traded over a period of time, while trading value converts that amount into monetary terms. The multiple here compares the current period with the average over the preceding period.
Whether a breakout is accompanied by a surge in volume is often used to distinguish a genuine breakout from a false one: a move through resistance on low volume is more likely to fail.
Don’t place an order at the most volatile moment. Wait for the price to stabilize before taking a closer look.
