$CFG The 1-hour trading volume was approximately $5.03 million, 16.8 times the previous average; the price fell 10.23% over the same period.
When I first got into the space, I thought high trading volume meant people were buying. It took me a while to understand: a spike in volume means more trading took place during that period, and every buy is matched by a sell. The key is to look at whether the price rose or fell during the volume spike, and where it closed.
All data reflects past price movements; prices can always move in the opposite direction at any time.
#CFG
When I first got into the space, I thought high trading volume meant people were buying. It took me a while to understand: a spike in volume means more trading took place during that period, and every buy is matched by a sell. The key is to look at whether the price rose or fell during the volume spike, and where it closed.
All data reflects past price movements; prices can always move in the opposite direction at any time.
#CFG
