$IDOL 1 hourly trading volume was about 17.7 million US dollars, 3.8 times the previous average; prices rose 19.09% over the same period.
Let’s use this figure to talk about volume expansion.
When volume expands, bid-ask spreads and slippage often widen as well, so chasing with market orders usually comes at a higher cost.
Whether volume increases during a breakout is often seen as one of the criteria for distinguishing a valid breakout from a false breakout: a move without volume is more likely to fail.
Any indicator is just summarizing what has already happened in the market; price can just as easily move in the opposite direction.
#IDOL
Let’s use this figure to talk about volume expansion.
When volume expands, bid-ask spreads and slippage often widen as well, so chasing with market orders usually comes at a higher cost.
Whether volume increases during a breakout is often seen as one of the criteria for distinguishing a valid breakout from a false breakout: a move without volume is more likely to fail.
Any indicator is just summarizing what has already happened in the market; price can just as easily move in the opposite direction.
#IDOL
