Volume–price relationship notes | $ICNT
A 90-day high + 2.9 times the average daily trading value is technically called a “high-volume breakout.”
A high on strong volume is more reliable than one on low volume, but a sudden surge in volume could also mean that long-time holders are taking the opportunity to exit. Watch the next few days: will trading stay above the daily average, or quickly dry up?
Volume–price confirmation indicates probability, not certainty.
#ICNT
A 90-day high + 2.9 times the average daily trading value is technically called a “high-volume breakout.”
A high on strong volume is more reliable than one on low volume, but a sudden surge in volume could also mean that long-time holders are taking the opportunity to exit. Watch the next few days: will trading stay above the daily average, or quickly dry up?
Volume–price confirmation indicates probability, not certainty.
#ICNT