$IRYS 1 The trading volume was about $7.78 million, 10.6 times the previous average; the price rose 2.26% over the same period.
A beginner’s burning question: How should you interpret a surge in trading volume?
Volume typically spikes after news releases, when key price levels are breached, when large orders enter or exit, or during waves of liquidations.
After a steep decline, if volume picks up but the price doesn’t continue falling, some may interpret this as a sign of buying support—but subsequent candlesticks need to confirm it.
With leveraged trading, first consider whether you can withstand the worst-case outcome, then look at what the signals are saying.
#IRYS
A beginner’s burning question: How should you interpret a surge in trading volume?
Volume typically spikes after news releases, when key price levels are breached, when large orders enter or exit, or during waves of liquidations.
After a steep decline, if volume picks up but the price doesn’t continue falling, some may interpret this as a sign of buying support—but subsequent candlesticks need to confirm it.
With leveraged trading, first consider whether you can withstand the worst-case outcome, then look at what the signals are saying.
#IRYS
