$KOMA ｜1-hour trading volume up 4.6x｜Price up 6.42%
How should you interpret a surge in trading volume? Changes in volume often show up before price moves, so many people use unusual volume as a cue to keep an eye on a coin. The direction, though, has to wait until the price action confirms it.
Don't chase a coin just because volume is surging. Volatility is often at its most extreme during these periods, so keeping your position size smaller can help you stay composed.
It’s much more prudent to size your position based on where you’ll set your stop-loss than to pick a size off the top of your head.
#KOMA
I get it wrong pretty often too. Make your own judgment.
How should you interpret a surge in trading volume? Changes in volume often show up before price moves, so many people use unusual volume as a cue to keep an eye on a coin. The direction, though, has to wait until the price action confirms it.
Don't chase a coin just because volume is surging. Volatility is often at its most extreme during these periods, so keeping your position size smaller can help you stay composed.
It’s much more prudent to size your position based on where you’ll set your stop-loss than to pick a size off the top of your head.
#KOMA
I get it wrong pretty often too. Make your own judgment.
