$BTW ｜5-minute trading volume up 10.4x｜Price down 6.4%
Before looking at positions, first understand what a surge in trading volume means.
Trading volume usually surges when news is released, a key price level is breached, large orders are executed, or mass liquidations occur.
I treat a surge in volume as a reminder to pay attention, not a reason to place an order immediately. Let the candlesticks show the direction.
The point of understanding this indicator is to avoid being spooked by the numbers, not to use it to pinpoint tops and bottoms.
This could be wrong too. Don’t follow it blindly.
Before looking at positions, first understand what a surge in trading volume means.
Trading volume usually surges when news is released, a key price level is breached, large orders are executed, or mass liquidations occur.
I treat a surge in volume as a reminder to pay attention, not a reason to place an order immediately. Let the candlesticks show the direction.
The point of understanding this indicator is to avoid being spooked by the numbers, not to use it to pinpoint tops and bottoms.
This could be wrong too. Don’t follow it blindly.