Technical Note｜$ARX ｜1-hour volume up 21.8x｜Price rose 11.31%
Definition: When interpreting a volume spike, consider the price as well: where the coin price is holding and how long the wicks are often tell you more than the volume itself.
Common interpretation: A volume spike with little price movement means buyers and sellers are actively exchanging positions at that level. To see which way the price will move next, watch for which side lets up first.
Before taking a leveraged position, first work out whether you can withstand the worst-case scenario, then consider what the signals are saying.
Definition: When interpreting a volume spike, consider the price as well: where the coin price is holding and how long the wicks are often tell you more than the volume itself.
Common interpretation: A volume spike with little price movement means buyers and sellers are actively exchanging positions at that level. To see which way the price will move next, watch for which side lets up first.
Before taking a leveraged position, first work out whether you can withstand the worst-case scenario, then consider what the signals are saying.