Just saw: the trading volume over $PIEVERSE 5 minutes was about $1.56 million, 15.4 times the previous average; price rose 4.82% over the same period.
People often ask how to interpret trading volume. This is how I see it.
Every trade has both a buyer and a seller, so a surge in volume by itself doesn't mean there are more buyers or that money is flowing in; it just means turnover has picked up.
Don't chase a move just because volume is surging. Volatility is usually at its most extreme when volume spikes, so using a little less leverage can help you stay calm.
Don't chase an order at the very moment the market is moving fastest. Wait for the candlestick to close before deciding.
#PIEVERSE
I'm not guaranteeing this is right—use your own judgment.
People often ask how to interpret trading volume. This is how I see it.
Every trade has both a buyer and a seller, so a surge in volume by itself doesn't mean there are more buyers or that money is flowing in; it just means turnover has picked up.
Don't chase a move just because volume is surging. Volatility is usually at its most extreme when volume spikes, so using a little less leverage can help you stay calm.
Don't chase an order at the very moment the market is moving fastest. Wait for the candlestick to close before deciding.
#PIEVERSE
I'm not guaranteeing this is right—use your own judgment.
