$BIRB 1-hour trading volume was approximately $13.11 million, 7.1 times the previous average; the price fell 1.27% over the same period.
Hey everyone, what does a surge in trading volume mean? Here’s the short version 👇
Multiples are relative: for a coin that usually trades little, a several-fold increase in volume might just be caused by a few large orders. The same multiple for a top coin is much rarer.
I treat a surge in volume as a signal worth watching, not a reason to place an order immediately. I wait for the price to confirm the direction.
It’s far more reliable to size your position based on where you’ll place your stop-loss than to place an order on a whim.
#BIRB
Hey everyone, what does a surge in trading volume mean? Here’s the short version 👇
Multiples are relative: for a coin that usually trades little, a several-fold increase in volume might just be caused by a few large orders. The same multiple for a top coin is much rarer.
I treat a surge in volume as a signal worth watching, not a reason to place an order immediately. I wait for the price to confirm the direction.
It’s far more reliable to size your position based on where you’ll place your stop-loss than to place an order on a whim.
#BIRB
