Just saw: $CAP 1-hour trading volume was approximately $9.25 million, 10.1 times the previous average; the price rose 16.07% over the same period.
People often ask what trading volume means, so here's my take.
A spike in volume often occurs when news breaks, a key price level is breached, large orders enter or exit the market, or mass liquidations take place.
Don't chase a price just because volume has spiked. Volatility is often higher during these periods, so it's safer to keep your position size smaller.
All indicators describe past market behavior; prices can absolutely move in the opposite direction.
#CAP
Trading involves risk. Please exercise caution when placing orders.
People often ask what trading volume means, so here's my take.
A spike in volume often occurs when news breaks, a key price level is breached, large orders enter or exit the market, or mass liquidations take place.
Don't chase a price just because volume has spiked. Volatility is often higher during these periods, so it's safer to keep your position size smaller.
All indicators describe past market behavior; prices can absolutely move in the opposite direction.
#CAP
Trading involves risk. Please exercise caution when placing orders.
