$LINK volume is 0.9x the weekly average despite a 3.5 percent drop and most traders are misreading it
Price action without volume is just noise that traps impatient people
Today $LINK sits at 13.9430 right in the middle of its daily range between 13.1520 and 14.6520
The math is simple divide today volume by the 7 day average to get 0.9x which means zero conviction behind the current selloff
Compare that to a real push where volume prints well above 1.5x the average showing heavy hands actually stepping in
Check your own charts by looking at the volume indicator and comparing today bar against the moving average line right over it
That quick 20 second check keeps you from fading dead moves
What is your favorite volume filter for spotting fake breakouts
#LINK #TradingTips
Price action without volume is just noise that traps impatient people
Today $LINK sits at 13.9430 right in the middle of its daily range between 13.1520 and 14.6520
The math is simple divide today volume by the 7 day average to get 0.9x which means zero conviction behind the current selloff
Compare that to a real push where volume prints well above 1.5x the average showing heavy hands actually stepping in
Check your own charts by looking at the volume indicator and comparing today bar against the moving average line right over it
That quick 20 second check keeps you from fading dead moves
What is your favorite volume filter for spotting fake breakouts
#LINK #TradingTips