Market Notes｜$ETC ｜Trading volume surged 15.7× in 5 minutes｜Price fell 0.4%
First, a definition: A surge in trading volume often occurs when news is released, a key level is breached, large orders are executed, or mass liquidations take place.
How to read it: Whether a breakout is accompanied by high volume is often considered one factor in distinguishing a genuine breakout from a false one. A breakout on lower volume is more likely to reverse.
Indicators may be inaccurate, but stop-losses are essential: Deciding in advance what to do if your judgment is wrong matters more than guessing whether you’re right.
Make your own decisions about buying and selling; don’t follow others blindly.
First, a definition: A surge in trading volume often occurs when news is released, a key level is breached, large orders are executed, or mass liquidations take place.
How to read it: Whether a breakout is accompanied by high volume is often considered one factor in distinguishing a genuine breakout from a false one. A breakout on lower volume is more likely to reverse.
Indicators may be inaccurate, but stop-losses are essential: Deciding in advance what to do if your judgment is wrong matters more than guessing whether you’re right.
Make your own decisions about buying and selling; don’t follow others blindly.
