$LIT 1 Hourly trading volume is approximately $9.13 million, 5.1 times the previous average; the price rose 3.22% over the same period.
Everyone, what should we make of this surge in trading volume? Here’s the short version 👇
Multiples are relative: for a normally quiet coin, a several-fold increase might come from just one or two large trades. The same increase in volume for a major coin is much rarer.
A surge in volume may also come from a wave of liquidations: liquidation orders are executed passively, so this kind of volume surge means something different from active trading. Check the liquidation data to tell the difference.
Reading indicators isn’t hard; the hard part is sticking to your plan when the market is at its most exciting.
#LIT
Everyone, what should we make of this surge in trading volume? Here’s the short version 👇
Multiples are relative: for a normally quiet coin, a several-fold increase might come from just one or two large trades. The same increase in volume for a major coin is much rarer.
A surge in volume may also come from a wave of liquidations: liquidation orders are executed passively, so this kind of volume surge means something different from active trading. Check the liquidation data to tell the difference.
Reading indicators isn’t hard; the hard part is sticking to your plan when the market is at its most exciting.
#LIT
