$IDOL 1-hour trading volume was about $26.19 million, 12 times the previous average; the price rose 6.22% over the same period.
Guys, what does a volume spike mean? Here’s the short version 👇
A change in trading volume can sometimes show up before a price move, so many people treat an unusual spike in volume as a signal to keep an eye on a coin. The charts will show which way it goes.
I treat a volume spike as a signal worth watching, not a reason to place a trade right away. Let the price tell you the direction.
Extreme readings often come with much bigger swings. That’s when you should reduce your position, not make a big bet.
Guys, what does a volume spike mean? Here’s the short version 👇
A change in trading volume can sometimes show up before a price move, so many people treat an unusual spike in volume as a signal to keep an eye on a coin. The charts will show which way it goes.
I treat a volume spike as a signal worth watching, not a reason to place a trade right away. Let the price tell you the direction.
Extreme readings often come with much bigger swings. That’s when you should reduce your position, not make a big bet.