Saw this while killing time: $NXPC 1-hour trading volume was about $5.02 million, 19.2 times the previous average; the price rose 0.73% over the same period.
A surge in trading volume only proves that everyone got busier; it doesn't prove which side is right.
On a more serious note, multiples are relative: for usually quiet coins, a several-fold increase in volume may come from just a few large trades, while the same increase is much rarer for top coins.
Leave some room in your futures positions. Don't let one sudden swing wipe you out.
A surge in trading volume only proves that everyone got busier; it doesn't prove which side is right.
On a more serious note, multiples are relative: for usually quiet coins, a several-fold increase in volume may come from just a few large trades, while the same increase is much rarer for top coins.
Leave some room in your futures positions. Don't let one sudden swing wipe you out.
