$PENGU 1-hour trading volume was approximately $7.84 million, 3.7 times the previous average; during the same period, the price fell 3.8%.
Since we're looking at this figure, let's talk about trading volume.
Every trade has both a buyer and a seller, so a spike in volume by itself doesn't mean there are more buyers or that money is flowing in—it only means that assets are changing hands more frequently.
When volume increases near a low and the price doesn't continue to fall, some people see it as a sign of buying support. But that still needs to be confirmed by subsequent price action.
Indicators can fail, but risk management can't be skipped: thinking ahead about what to do if you're wrong matters more than guessing correctly.
I'm just sharing my own view; this isn't investment advice.
Since we're looking at this figure, let's talk about trading volume.
Every trade has both a buyer and a seller, so a spike in volume by itself doesn't mean there are more buyers or that money is flowing in—it only means that assets are changing hands more frequently.
When volume increases near a low and the price doesn't continue to fall, some people see it as a sign of buying support. But that still needs to be confirmed by subsequent price action.
Indicators can fail, but risk management can't be skipped: thinking ahead about what to do if you're wrong matters more than guessing correctly.
I'm just sharing my own view; this isn't investment advice.
