The market drama has another update: $INIT 1. Hourly trading volume was about $5.55 million, 5.8 times the previous average; prices rose 3.42% over the same period.
A sudden surge in trading volume only shows that people got busier—it doesn’t prove which side won.
On a more serious note, trading volume is often compared to fuel for prices: for a trend to continue, volume usually needs to keep up, but this is a rule of thumb, not a law.
Don’t place orders during the most volatile few minutes. Wait for the candlestick to close and settle before deciding.
A sudden surge in trading volume only shows that people got busier—it doesn’t prove which side won.
On a more serious note, trading volume is often compared to fuel for prices: for a trend to continue, volume usually needs to keep up, but this is a rule of thumb, not a law.
Don’t place orders during the most volatile few minutes. Wait for the candlestick to close and settle before deciding.
