🗂️ The trading value over $WET 1 hours was approximately $5.27 million, 40.2 times the previous average; during the same period, the price rose 18.78%.
[Quick explainer] What does a surge in trading volume actually indicate?
Trading volume is the quantity traded over a period of time, while trading value is that quantity expressed in monetary terms. The multiple here compares the current period with the average over an earlier period.
Whether trading volume increases during a breakout is often considered one factor in judging whether it is genuine or false: a move through resistance on low volume is more likely to fail.
Understanding an indicator is meant to keep numbers from misleading you, not to use it to accurately predict price movements.
[Quick explainer] What does a surge in trading volume actually indicate?
Trading volume is the quantity traded over a period of time, while trading value is that quantity expressed in monetary terms. The multiple here compares the current period with the average over an earlier period.
Whether trading volume increases during a breakout is often considered one factor in judging whether it is genuine or false: a move through resistance on low volume is more likely to fail.
Understanding an indicator is meant to keep numbers from misleading you, not to use it to accurately predict price movements.
