Trading volume over $CLANKER 1 hours was about $11.89 million, 4.5 times the previous average; during the same period, the price fell 1.26%.
Let's unpack what this figure means.
Volume refers to how much was traded over a period, while turnover is its value in monetary terms. The volume multiple in the post compares the current period with the average over a preceding period.
A surge in volume may also result from concentrated liquidations: liquidation orders are forced transactions, so this kind of volume surge means something different from active buying and selling and should be considered alongside liquidation data.
Calculating position size based on stop-loss distance is much more reliable than placing trades by feel.
Let's unpack what this figure means.
Volume refers to how much was traded over a period, while turnover is its value in monetary terms. The volume multiple in the post compares the current period with the average over a preceding period.
A surge in volume may also result from concentrated liquidations: liquidation orders are forced transactions, so this kind of volume surge means something different from active buying and selling and should be considered alongside liquidation data.
Calculating position size based on stop-loss distance is much more reliable than placing trades by feel.