Indicator Notes | $PAXG | 1-hour volume up 11.1× | Price up 0.51%
Definition: Trading volume is the amount of crypto traded over a period of time, while trading value is that amount converted into currency. The multiple in the post compares the current period with the average of the preceding period.
How to read it: A spike in volume can sometimes result from concentrated liquidations. Liquidation orders are forced trades, so this kind of volume has a different meaning from active buying and selling. Check liquidation activity to make sense of it.
Learning to read indicators is easy; the hard part is still following the rules when emotions are running high.
#PAXG
Definition: Trading volume is the amount of crypto traded over a period of time, while trading value is that amount converted into currency. The multiple in the post compares the current period with the average of the preceding period.
How to read it: A spike in volume can sometimes result from concentrated liquidations. Liquidation orders are forced trades, so this kind of volume has a different meaning from active buying and selling. Check liquidation activity to make sense of it.
Learning to read indicators is easy; the hard part is still following the rules when emotions are running high.
#PAXG
