Just saw: $BULLA 1-hour trading volume was about $5.36 million, 6 times the previous average; the price fell 14.7% over the same period.
People often ask what a surge in trading volume means. This is how I see it.
“Multiple” is relative: for a coin that normally sees little trading, a several-fold increase may come from just one or two large orders. The same-sized surge in a top coin is much rarer.
When volume picks up near a low and the price stops falling, some people interpret it as a sign of buying support, though this needs confirmation from subsequent candlesticks.
Learning to read indicators isn’t hard; the hard part is sticking to your plan even when the market gets extremely volatile.
#BULLA
Don’t treat any of this as a basis for making trades.
People often ask what a surge in trading volume means. This is how I see it.
“Multiple” is relative: for a coin that normally sees little trading, a several-fold increase may come from just one or two large orders. The same-sized surge in a top coin is much rarer.
When volume picks up near a low and the price stops falling, some people interpret it as a sign of buying support, though this needs confirmation from subsequent candlesticks.
Learning to read indicators isn’t hard; the hard part is sticking to your plan even when the market gets extremely volatile.
#BULLA
Don’t treat any of this as a basis for making trades.
