$PYTH volume is 0.4x its weekly average and that is where most traders get trapped
Price sits at 0.07220 down 28.5 percent from the 7 day high of 0.10094
Most people look at the 24h change of plus 0.1 percent and think a bounce is starting
Low volume moves mean no real participation from larger players
You check this ratio by dividing today volume of 4.3M by your average indicator
If that division yields under 0.5x you ignore the green 1h RSI reading of 35
Always wait for volume to cross above average before trusting any price direction
Open $PYTH and set an alert at that level
What volume multiple do you demand before opening a chart
#PYTH #TradingTips
Price sits at 0.07220 down 28.5 percent from the 7 day high of 0.10094
Most people look at the 24h change of plus 0.1 percent and think a bounce is starting
Low volume moves mean no real participation from larger players
You check this ratio by dividing today volume of 4.3M by your average indicator
If that division yields under 0.5x you ignore the green 1h RSI reading of 35
Always wait for volume to cross above average before trusting any price direction
Open $PYTH and set an alert at that level
What volume multiple do you demand before opening a chart
#PYTH #TradingTips