Technical note | $ESPORTS | Trading volume surged 9x in 1 hour | Price fell 11.36%
First, a definition: When trading volume surges, the order-book spread and slippage often widen as well, so chasing the market with a market order may cost more.
Next, how to read it: When volume surges at a low price level without the price continuing to fall, some people interpret this as a sign of buying support, but subsequent price action needs to confirm it.
Before trading with leverage, first consider whether you can withstand the worst-case outcome, then look at what the signals suggest.
Be aware of the risks and make your own decisions.
First, a definition: When trading volume surges, the order-book spread and slippage often widen as well, so chasing the market with a market order may cost more.
Next, how to read it: When volume surges at a low price level without the price continuing to fall, some people interpret this as a sign of buying support, but subsequent price action needs to confirm it.
Before trading with leverage, first consider whether you can withstand the worst-case outcome, then look at what the signals suggest.
Be aware of the risks and make your own decisions.
