Technical note｜$ENA ｜15-minute volume surged to 5.5×｜Price barely moved
Definition: Minute-level volume spikes are quite noisy; high volume on a single candlestick may just be due to one large order. A sustained increase in volume over a period of time is more convincing.
As for how to read it: I personally treat unusual volume as a signal to pay attention to, not a reason to act immediately. I wait for the candlesticks to confirm the direction.
All data summarizes price movements that have already happened; the market can turn in the opposite direction at any time.
Definition: Minute-level volume spikes are quite noisy; high volume on a single candlestick may just be due to one large order. A sustained increase in volume over a period of time is more convincing.
As for how to read it: I personally treat unusual volume as a signal to pay attention to, not a reason to act immediately. I wait for the candlesticks to confirm the direction.
All data summarizes price movements that have already happened; the market can turn in the opposite direction at any time.
