Technical Note｜$CAP ｜1-hour volume up 7.1x｜Price up 10.84%
First, a definition: Multiples are relative. For a coin that usually sees low trading volume, a several-fold increase may be caused by just one or two large trades. The same increase for a major coin would be much rarer.
Next, how to read it: A volume spike may also come from mass liquidations. Liquidation orders are forced trades, so this kind of volume has a different meaning from voluntary trading. Check liquidation data for comparison.
Understanding indicators is easy; the hard part is sticking to the rules when emotions are running high.
First, a definition: Multiples are relative. For a coin that usually sees low trading volume, a several-fold increase may be caused by just one or two large trades. The same increase for a major coin would be much rarer.
Next, how to read it: A volume spike may also come from mass liquidations. Liquidation orders are forced trades, so this kind of volume has a different meaning from voluntary trading. Check liquidation data for comparison.
Understanding indicators is easy; the hard part is sticking to the rules when emotions are running high.
