$MAGMA 1The 1-hour trading volume was about $10.4 million, 11.2 times the previous average; the price rose 19.83% over the same period.
Let’s use this figure to talk about surging volume.
A surge in trading volume often occurs when news breaks, a key level is breached, large orders come in or go out, or liquidations happen in clusters.
When volume surges at a high price level but the price fails to keep rising, it’s often called “rising volume with stagnant prices.” Many people see it as a sign of growing disagreement between bulls and bears.
Don’t place an order during the fastest move. Wait for the price to stabilize before taking a closer look.
#MAGMA
Let’s use this figure to talk about surging volume.
A surge in trading volume often occurs when news breaks, a key level is breached, large orders come in or go out, or liquidations happen in clusters.
When volume surges at a high price level but the price fails to keep rising, it’s often called “rising volume with stagnant prices.” Many people see it as a sign of growing disagreement between bulls and bears.
Don’t place an order during the fastest move. Wait for the price to stabilize before taking a closer look.
#MAGMA
