$FLUID 1The trading volume was about $6.97 million, 5.1 times the previous average; the price rose 0.52% over the same period.
What do you guys make of the spike in trading volume? Here’s the short version 👇
The multiple is relative: for a normally quiet coin, a several-fold increase may be caused by just one or two large trades, while the same multiple for a top coin is much rarer.
I’d treat unusual trading activity as a signal worth watching, not as a reason to place an order immediately. Let the candlesticks confirm the direction.
Calculating your order size based on the stop-loss distance is much more reliable than guessing your position size.
#FLUID
What do you guys make of the spike in trading volume? Here’s the short version 👇
The multiple is relative: for a normally quiet coin, a several-fold increase may be caused by just one or two large trades, while the same multiple for a top coin is much rarer.
I’d treat unusual trading activity as a signal worth watching, not as a reason to place an order immediately. Let the candlesticks confirm the direction.
Calculating your order size based on the stop-loss distance is much more reliable than guessing your position size.
#FLUID