$TRUMP 1 The 24-hour trading volume was approximately $19.5 million, 3.8 times the previous average; over the same period, the price fell 3.54%.
Let’s use this figure to break down trading volume.
Unusual trading activity often appears before price movements, so many people treat an abnormal spike in volume as a signal to pay attention to a coin. The candlestick chart will have to show which way it goes.
Whether volume increases during a breakout is often considered one factor in distinguishing a genuine breakout from a false one: a move above a level on low volume is more likely to fail.
The same data can mean very different things in different market conditions, so don’t blindly apply any single rule.
Let’s use this figure to break down trading volume.
Unusual trading activity often appears before price movements, so many people treat an abnormal spike in volume as a signal to pay attention to a coin. The candlestick chart will have to show which way it goes.
Whether volume increases during a breakout is often considered one factor in distinguishing a genuine breakout from a false one: a move above a level on low volume is more likely to fail.
The same data can mean very different things in different market conditions, so don’t blindly apply any single rule.