🧭 Data snapshot: $ZRO ｜Volume surged 11.1× in 5 minutes｜Price fell 0.78%
· What it means: A spike in trading volume often occurs when news breaks, a key level is breached, large orders enter or exit, or widespread liquidations take place.
· A common interpretation: After a substantial decline, a surge in volume without the price making a new low may be seen by some as a sign of buying support, but subsequent price action needs to confirm this.
Calculating your position size based on where you’ll place your stop-loss is much more reliable than going by gut feeling.
#ZRO
· What it means: A spike in trading volume often occurs when news breaks, a key level is breached, large orders enter or exit, or widespread liquidations take place.
· A common interpretation: After a substantial decline, a surge in volume without the price making a new low may be seen by some as a sign of buying support, but subsequent price action needs to confirm this.
Calculating your position size based on where you’ll place your stop-loss is much more reliable than going by gut feeling.
#ZRO