$AKE 1-hour trading volume was approximately $37.88 million, 3.7 times the previous average; during the same period, the price rose 30.04%.
Let's use this figure to break down trading volume.
Unusual trading activity sometimes shows up before price movements, so many people use abnormal volume spikes as a signal to pay attention to a coin. The direction still needs to be determined by the candlestick chart.
When volume and price move in sync, the trend is easier to understand. When they diverge, it takes more thought—for example, when the price hits a new high while trading volume keeps falling.
The same data can mean completely different things in different market conditions, so don't blindly apply a rule of thumb.
#AKE
These are personal notes; make your own decisions about trading.
Let's use this figure to break down trading volume.
Unusual trading activity sometimes shows up before price movements, so many people use abnormal volume spikes as a signal to pay attention to a coin. The direction still needs to be determined by the candlestick chart.
When volume and price move in sync, the trend is easier to understand. When they diverge, it takes more thought—for example, when the price hits a new high while trading volume keeps falling.
The same data can mean completely different things in different market conditions, so don't blindly apply a rule of thumb.
#AKE
These are personal notes; make your own decisions about trading.