$LINK ｜1-hour volume surged 4.2x｜price fell 2.85%
Before looking at fund flows, first understand trading volume.
A change in volume can sometimes appear before a price move, so many people treat unusually high volume as a signal to pay attention to a coin. The direction it will go still depends on how the price develops.
When volume surges but the price stays mostly flat, it means buyers and sellers are trading actively at the current price. To see which way things will move next, you’ll need to watch for which side gives in first.
Don’t place orders during the most volatile few minutes. Wait for the candlestick to settle before taking another look.
Volatility is significant, so manage your position size accordingly.
Before looking at fund flows, first understand trading volume.
A change in volume can sometimes appear before a price move, so many people treat unusually high volume as a signal to pay attention to a coin. The direction it will go still depends on how the price develops.
When volume surges but the price stays mostly flat, it means buyers and sellers are trading actively at the current price. To see which way things will move next, you’ll need to watch for which side gives in first.
Don’t place orders during the most volatile few minutes. Wait for the candlestick to settle before taking another look.
Volatility is significant, so manage your position size accordingly.