$BILL 1The hourly trading volume was about $5.29 million, 35.2 times the previous average; the price fell 1.41% over the same period.
How was this figure calculated?
Changes in trading volume often show up before price movements, so many people treat unusual volume spikes as a signal to pay attention to a coin, while waiting for the candlesticks to indicate the direction.
When volume surges at a low and the price stops making new lows, some see it as a sign that buyers are stepping in, though this needs to be confirmed by subsequent price action.
Extreme readings often signal more dramatic volatility. At times like these, it’s better to reduce leverage rather than make a big bet.
How was this figure calculated?
Changes in trading volume often show up before price movements, so many people treat unusual volume spikes as a signal to pay attention to a coin, while waiting for the candlesticks to indicate the direction.
When volume surges at a low and the price stops making new lows, some see it as a sign that buyers are stepping in, though this needs to be confirmed by subsequent price action.
Extreme readings often signal more dramatic volatility. At times like these, it’s better to reduce leverage rather than make a big bet.