Trading volume over $ON 1 hours surged 6.2-fold, the price rose 10.54%, and the current price is 0.302.
If the price barely moves after volume surges, it means buying and selling pressure are evenly matched. Whichever side gives way first, the price will move in the other direction.
A genuine breakout is usually accompanied by a surge in volume, while a false breakout often isn’t. This is one of the signals I pay close attention to.
If the price barely moves after volume surges, it means buying and selling pressure are evenly matched. Whichever side gives way first, the price will move in the other direction.
A genuine breakout is usually accompanied by a surge in volume, while a false breakout often isn’t. This is one of the signals I pay close attention to.