🗂️ Data snapshot: $PAXG ｜1-hour volume up 3.7×｜price up 1.42%
· Meaning: Short-term volume spikes can be quite noisy. A large trade on a single candlestick may just be one big order; several consecutive high-volume candles are more convincing.
· How to read it: Don’t jump in just because volume is up. Volatility is often higher during volume spikes, so using less leverage can help you stay composed.
Several indicators confirming one another is more reliable than looking at just one, but even multiple indicators can’t provide a definitive conclusion.
· Meaning: Short-term volume spikes can be quite noisy. A large trade on a single candlestick may just be one big order; several consecutive high-volume candles are more convincing.
· How to read it: Don’t jump in just because volume is up. Volatility is often higher during volume spikes, so using less leverage can help you stay composed.
Several indicators confirming one another is more reliable than looking at just one, but even multiple indicators can’t provide a definitive conclusion.
