$NEAR is down 3.1% today, but what does its $79M volume really tell us?
Today, we're looking at Volume Confirmation. When a price moves significantly, traders often check volume to confirm the strength of that move. If $NEAR drops 3.1% on high volume, it suggests strong selling pressure and that the downtrend might continue. Conversely, if it dropped on very low volume, it could indicate a weak move that might quickly reverse. A high volume confirms conviction behind the price action, whether up or down.
Always remember to check if the volume aligns with the price direction to gauge the conviction of market participants.
What other indicators do you use to confirm price moves?
#CryptoTrading #VolumeAnalysis
We post every algo signal's REAL result openly and the full live track record + a free preview channel are in our bio.
Today, we're looking at Volume Confirmation. When a price moves significantly, traders often check volume to confirm the strength of that move. If $NEAR drops 3.1% on high volume, it suggests strong selling pressure and that the downtrend might continue. Conversely, if it dropped on very low volume, it could indicate a weak move that might quickly reverse. A high volume confirms conviction behind the price action, whether up or down.
Always remember to check if the volume aligns with the price direction to gauge the conviction of market participants.
What other indicators do you use to confirm price moves?
#CryptoTrading #VolumeAnalysis
We post every algo signal's REAL result openly and the full live track record + a free preview channel are in our bio.