$AIN 1-hour trading volume was approximately $14.39 million, 3.7 times the previous average; the price rose 3.31% over the same period.
Let’s break that number down.
Multiples are relative: for a coin that usually has low trading volume, a several-fold increase may be caused by just one or two large trades. The same increase for a major coin is much rarer.
After a volume spike, if trading volume quickly falls back, it’s often just a brief flurry of activity. What’s more telling is whether higher volume can be sustained.
Don’t let a single number throw off your plan, and never use borrowed money to test what one data point means.
This is not investment advice. Don’t blindly copy it.
Let’s break that number down.
Multiples are relative: for a coin that usually has low trading volume, a several-fold increase may be caused by just one or two large trades. The same increase for a major coin is much rarer.
After a volume spike, if trading volume quickly falls back, it’s often just a brief flurry of activity. What’s more telling is whether higher volume can be sustained.
Don’t let a single number throw off your plan, and never use borrowed money to test what one data point means.
This is not investment advice. Don’t blindly copy it.
