$SUI ｜5-minute trading volume up 10.7x｜Price barely moved
Before looking at positions, first understand volume surges.
When looking at trading activity, consider it alongside the candlestick chart: the price level and the length of the upper and lower wicks are usually more informative than the volume alone.
A volume surge may also result from widespread liquidations: liquidation orders are forced trades, so this kind of volume surge means something different from active buying and selling. Check liquidation data as well.
Multiple data points corroborating each other is more reliable than looking at just one, but even more indicators still can’t provide a definitive conclusion.
#SUI
Before looking at positions, first understand volume surges.
When looking at trading activity, consider it alongside the candlestick chart: the price level and the length of the upper and lower wicks are usually more informative than the volume alone.
A volume surge may also result from widespread liquidations: liquidation orders are forced trades, so this kind of volume surge means something different from active buying and selling. Check liquidation data as well.
Multiple data points corroborating each other is more reliable than looking at just one, but even more indicators still can’t provide a definitive conclusion.
#SUI