$TRX 5The trading volume over the minute was about $2.15 million, 10.3 times the previous average; the price was almost unchanged over the same period.
Let’s use this data to break down the surge in volume.
Every trade has both a buyer and a seller, so a surge in volume alone doesn’t mean there are more buyers or that money is flowing in—it simply means trading activity has picked up.
When volume surges but the price barely moves, it means buyers and sellers are exchanging hands extensively at the current price. To see which way the price will move next, we’ll have to wait and see who gives way first.
All data only summarizes market activity that has already taken place. The price could move in the opposite direction at any time.
#TRX
Let’s use this data to break down the surge in volume.
Every trade has both a buyer and a seller, so a surge in volume alone doesn’t mean there are more buyers or that money is flowing in—it simply means trading activity has picked up.
When volume surges but the price barely moves, it means buyers and sellers are exchanging hands extensively at the current price. To see which way the price will move next, we’ll have to wait and see who gives way first.
All data only summarizes market activity that has already taken place. The price could move in the opposite direction at any time.
#TRX
