🗒️ Latest data: $XLM ｜5-minute trading volume up 14.2×｜price down 0.4%
· Explanation: Changes in trading volume sometimes show up before price movements, so many people treat a sudden surge in volume as a signal to pay attention to this coin. The direction, however, depends on what the candlesticks show.
· Common interpretation: Don’t follow a move based only on the multiple. Volatility is often especially high when volume surges, so reducing your position a little can help you stay more composed.
Don’t place orders during the most volatile few minutes. Wait for the candlestick to close before taking another look.
· Explanation: Changes in trading volume sometimes show up before price movements, so many people treat a sudden surge in volume as a signal to pay attention to this coin. The direction, however, depends on what the candlesticks show.
· Common interpretation: Don’t follow a move based only on the multiple. Volatility is often especially high when volume surges, so reducing your position a little can help you stay more composed.
Don’t place orders during the most volatile few minutes. Wait for the candlestick to close before taking another look.