Market Notes｜$INJ ｜5-minute volume up 19.2x｜Price down 0.82%
First, a definition: Trading volumes in futures and spot markets often differ significantly. Futures trading includes a lot of high-frequency turnover, so the volumes in the two markets do not mean exactly the same thing.
How to read this: When volume increases at a low and the price does not make a new low, some people see it as a sign of buying support. However, this needs to be confirmed by subsequent price action.
The same data can mean very different things in different market conditions, so don't blindly apply any single rule of thumb.
First, a definition: Trading volumes in futures and spot markets often differ significantly. Futures trading includes a lot of high-frequency turnover, so the volumes in the two markets do not mean exactly the same thing.
How to read this: When volume increases at a low and the price does not make a new low, some people see it as a sign of buying support. However, this needs to be confirmed by subsequent price action.
The same data can mean very different things in different market conditions, so don't blindly apply any single rule of thumb.