Market Notes｜$ACT ｜Volume surged 13.6x in 5 minutes｜Price rose 2.1%
First, a definition: unusual trading activity often appears before price movements, so many people treat a sudden surge in volume as a signal to pay attention to a coin. The direction it will move still depends on how the candlesticks develop.
How to read it: A surge in volume may also come from widespread liquidations. Liquidation orders are executed involuntarily, so this kind of volume surge means something different from active buying and selling; it should be considered alongside liquidation data.
Cross-checking multiple data points is more reliable than looking at just one, but no number of indicators can provide a definitive answer.
#ACT
First, a definition: unusual trading activity often appears before price movements, so many people treat a sudden surge in volume as a signal to pay attention to a coin. The direction it will move still depends on how the candlesticks develop.
How to read it: A surge in volume may also come from widespread liquidations. Liquidation orders are executed involuntarily, so this kind of volume surge means something different from active buying and selling; it should be considered alongside liquidation data.
Cross-checking multiple data points is more reliable than looking at just one, but no number of indicators can provide a definitive answer.
#ACT