🐋 $ASTER The five-minute trading volume was approximately $2.04 million, 5.1 times the previous average; the price fell 0.68% over the same period.
When volume surges, many people instinctively assume money is flowing in, but it’s not that simple.
Multiples are relative: for a coin that usually trades little, a several-fold increase in volume may come from just a few large orders. The same increase for a major coin is much rarer.
Whether volume increases during a breakout is often considered one factor in judging whether it’s genuine or false: breakouts on declining volume are more likely to fail.
Don’t let a single number throw off your plan, and especially don’t use borrowed money to test what a reading means.
When volume surges, many people instinctively assume money is flowing in, but it’s not that simple.
Multiples are relative: for a coin that usually trades little, a several-fold increase in volume may come from just a few large orders. The same increase for a major coin is much rarer.
Whether volume increases during a breakout is often considered one factor in judging whether it’s genuine or false: breakouts on declining volume are more likely to fail.
Don’t let a single number throw off your plan, and especially don’t use borrowed money to test what a reading means.