Volume and price need to move together for the signal to be meaningful. If the price moves but momentum fails to follow, be skeptical.
Take this current story: Japanese internet giant GMO Group was attacked by hackers who demanded a Bitcoin ransom. The company’s head refused to pay, $BTC .
When bad news breaks, panicked investors may sell first; only afterward can you see what the genuine buying support looks like.

Volatility is high, so manage your leverage carefully.