$RUNE volume is 0.4x its weekly average. Here is why that trap catches most traders
Open $RUNE and set an alert at that level
Price is sitting at $0.68800 after drifting down 2.0 percent today
That drop looks like a normal selloff until you check the volume ratio
Total 24h volume is $1.5M which sits at just 0.4x the 7 day average
When price moves down on low volume it means sellers are not really aggressive
It is just a lack of buyers holding up the order book
You can spot this in twenty seconds by checking your exchange volume indicator against the simple moving average
Divide today bar height by the past seven bars to find that exact ratio
Moves without volume behind them usually fade right back into the range
My rule is to never short a weak drift until heavy selling volume prints
What volume ratio makes you walk away from a setup
#RUNE #TradingTips
Open $RUNE and set an alert at that level
Price is sitting at $0.68800 after drifting down 2.0 percent today
That drop looks like a normal selloff until you check the volume ratio
Total 24h volume is $1.5M which sits at just 0.4x the 7 day average
When price moves down on low volume it means sellers are not really aggressive
It is just a lack of buyers holding up the order book
You can spot this in twenty seconds by checking your exchange volume indicator against the simple moving average
Divide today bar height by the past seven bars to find that exact ratio
Moves without volume behind them usually fade right back into the range
My rule is to never short a weak drift until heavy selling volume prints
What volume ratio makes you walk away from a setup
#RUNE #TradingTips