New traders shouldn’t focus only on price when reading charts—keep an eye on trading volume too. The same drop can mean very different things depending on whether it happens on high or low volume. Take Binance spot daily chart $BTC , for example: the big bearish candle on November 5 plunged from 80,500 to 76,088, with roughly 2 billion U in trading volume that day. On Saturday, November 7, volume was only around 400 million U, and the price barely moved. High volume means lots of people are genuinely buying and selling, so the direction is more convincing. Price moves on low volume often reverse with just a small push. BTC’s 24-hour trading volume is currently around 1 billion U, while $SOL is at about 170 million U. When judging a breakout, I first check whether volume has picked up alongside the candle. I generally don’t chase breakouts that lack volume.
#BeginnerTips #TradingVolume
#BeginnerTips #TradingVolume