$ENA volume is 0.5x the weekly average and that tells you the real story
Most traders look at price dropping 5.6 percent today and panic
They assume heavy selling is crushing the market right now
The math proves them wrong because the 24 hour volume sits at 24.9M dollars
Divide that by the 7 day average and you get half normal activity
This drop from the 0.18700 high happened on weak participation instead of aggressive dumping
A move without volume behind it lacks conviction and fades out fast
Real selling looks like multiples of average volume breaking every support level
Always check your volume ratio before you let a red candle shake you out
Open $ENA and set an alert at that level
What is your cutoff for a valid volume spike
#ENA #TradingTips
Most traders look at price dropping 5.6 percent today and panic
They assume heavy selling is crushing the market right now
The math proves them wrong because the 24 hour volume sits at 24.9M dollars
Divide that by the 7 day average and you get half normal activity
This drop from the 0.18700 high happened on weak participation instead of aggressive dumping
A move without volume behind it lacks conviction and fades out fast
Real selling looks like multiples of average volume breaking every support level
Always check your volume ratio before you let a red candle shake you out
Open $ENA and set an alert at that level
What is your cutoff for a valid volume spike
#ENA #TradingTips