$MAGMA 1The trading value over the past hour was about $9.23 million, 13 times the previous average; the price fell 4.94% over the same period.
Let’s use this figure to break down trading volume.
Trading volume is how many coins were traded over a period of time; trading value is that amount converted into money. The multiple here compares the current period with the average over the preceding period.
I treat unusual trading activity as a signal worth watching, not a reason to place an order immediately. I let the candlesticks reveal the direction.
The same reading can mean very different things in different market conditions, so don’t apply any one rule mechanically.
Let’s use this figure to break down trading volume.
Trading volume is how many coins were traded over a period of time; trading value is that amount converted into money. The multiple here compares the current period with the average over the preceding period.
I treat unusual trading activity as a signal worth watching, not a reason to place an order immediately. I let the candlesticks reveal the direction.
The same reading can mean very different things in different market conditions, so don’t apply any one rule mechanically.
