$NIGHT volume is 1.2x its weekly average. Here is why that matters more than price
Open $NIGHT and set an alert at that level
Most traders stare only at the green candles and ignore what feeds them
Price just sits at 0.05216 which is 96 percent of its 24h range
Anyone can mark up a chart and call it a breakout
The real test is looking at how much cash actually moved
Take the 24h volume of 6.5M and divide it by the 7 day average
That gives you a 1.2 ratio showing genuine participation
A move with no volume behind it is just thin air waiting to drop
A move backed by volume means buyers are stepping in with size
Checking that ratio takes twenty seconds on any daily chart
Compare the current 24h bar to the moving average of the last seven
If the number is above 1 the move has legs
If it stays below 1 you are likely walking into a fakeout
What is your cutoff for volume confirmation before you trust a breakout?
#NIGHT #TradingTips
Open $NIGHT and set an alert at that level
Most traders stare only at the green candles and ignore what feeds them
Price just sits at 0.05216 which is 96 percent of its 24h range
Anyone can mark up a chart and call it a breakout
The real test is looking at how much cash actually moved
Take the 24h volume of 6.5M and divide it by the 7 day average
That gives you a 1.2 ratio showing genuine participation
A move with no volume behind it is just thin air waiting to drop
A move backed by volume means buyers are stepping in with size
Checking that ratio takes twenty seconds on any daily chart
Compare the current 24h bar to the moving average of the last seven
If the number is above 1 the move has legs
If it stays below 1 you are likely walking into a fakeout
What is your cutoff for volume confirmation before you trust a breakout?
#NIGHT #TradingTips