A quick note: Trading volume over $PENDLE 1 hours was about $5.63 million, 4.7 times the previous average; the price fell 1.59% over the same period.
People often ask what trading volume means. This is how I understand it.
Trading volume refers to how many coins were traded over a period of time, while trading value is that amount converted into the quote currency. The volume multiple in the post compares the current period with the average for the preceding period.
When volume surges at a high price but the price can’t keep rising, it’s often called “rising volume, flat price.” Many people see it as a sign of growing disagreement between buyers and sellers.
Don’t chase a trade during the most volatile moment. Wait for the price movement to play out before deciding.
#PENDLE
People often ask what trading volume means. This is how I understand it.
Trading volume refers to how many coins were traded over a period of time, while trading value is that amount converted into the quote currency. The volume multiple in the post compares the current period with the average for the preceding period.
When volume surges at a high price but the price can’t keep rising, it’s often called “rising volume, flat price.” Many people see it as a sign of growing disagreement between buyers and sellers.
Don’t chase a trade during the most volatile moment. Wait for the price movement to play out before deciding.
#PENDLE