A quick note: the trading volume over $HYPE 1 hours was about $176 million, 6.1 times the previous average; the price rose 1.88% over the same period.
People often ask how to interpret trading volume, so here’s my take.
Trading volume is often called the fuel for price movements: for a trend to continue, volume usually needs to keep pace, though this is a rule of thumb, not a law.
After a spike in volume, if it quickly falls back, the excitement is often short-lived; sustained high volume is more noteworthy.
Indicators can fail, so don’t skip stop-losses: deciding in advance what to do if you’re wrong matters more than getting the prediction right.
People often ask how to interpret trading volume, so here’s my take.
Trading volume is often called the fuel for price movements: for a trend to continue, volume usually needs to keep pace, though this is a rule of thumb, not a law.
After a spike in volume, if it quickly falls back, the excitement is often short-lived; sustained high volume is more noteworthy.
Indicators can fail, so don’t skip stop-losses: deciding in advance what to do if you’re wrong matters more than getting the prediction right.