$FIL 5-minute trading volume was about $3.47 million, 29.3 times the previous average; the price fell 0.61% over the same period.
Let's talk about what lies behind this figure.
Trading volume is the amount of coins traded over a period of time, while trading value converts that amount into the quote currency. The multiple here compares this period with the average over the preceding period.
A surge in volume can sometimes be caused by widespread liquidations: liquidation orders are forced trades, so this kind of volume means something different from voluntary buying and selling. Check liquidation data for context.
Don't chase a trade during the sharpest part of a move. Wait for the candlestick to close before deciding.
Let's talk about what lies behind this figure.
Trading volume is the amount of coins traded over a period of time, while trading value converts that amount into the quote currency. The multiple here compares this period with the average over the preceding period.
A surge in volume can sometimes be caused by widespread liquidations: liquidation orders are forced trades, so this kind of volume means something different from voluntary buying and selling. Check liquidation data for context.
Don't chase a trade during the sharpest part of a move. Wait for the candlestick to close before deciding.