$ADA 5The trading value over one minute was about $10.62 million, 24.9 times the previous average; the price fell 1.63% over the same period.
Let’s use this figure to talk about volume spikes.
When trading volume surges, order book spreads and slippage often widen, so chasing the move with a market order can cost more.
If volume quickly falls back after a single spike, it was probably just a brief flurry of activity; sustained high trading volume is more worth paying attention to.
Don’t chase a trade at the fastest point in the move. Wait for the candlestick to close before deciding.
#ADA
Let’s use this figure to talk about volume spikes.
When trading volume surges, order book spreads and slippage often widen, so chasing the move with a market order can cost more.
If volume quickly falls back after a single spike, it was probably just a brief flurry of activity; sustained high trading volume is more worth paying attention to.
Don’t chase a trade at the fastest point in the move. Wait for the candlestick to close before deciding.
#ADA