$W volume is 1.5x its weekly average. Most traders stare at the price and miss the real story
Traders see $W up 2.1 percent at $0.01122 and think the move is weak
That changes when you look at the $1.2M daily volume compared to the 7 day baseline
A move on low volume is just noise that fades out before it reaches the 7 day high of $0.01280
A move on high volume means actual participants are stepping in
To check this ratio in 20 seconds divide today volume by the 7 day average shown on your exchange
Look for volume spikes during the swing between the 24h low of $0.01057 and the high of $0.01154
Never trust a breakout if the volume bar is smaller than the average line next to it
What is your favorite volume indicator to spot fake breakouts
#W #TradingTips
Traders see $W up 2.1 percent at $0.01122 and think the move is weak
That changes when you look at the $1.2M daily volume compared to the 7 day baseline
A move on low volume is just noise that fades out before it reaches the 7 day high of $0.01280
A move on high volume means actual participants are stepping in
To check this ratio in 20 seconds divide today volume by the 7 day average shown on your exchange
Look for volume spikes during the swing between the 24h low of $0.01057 and the high of $0.01154
Never trust a breakout if the volume bar is smaller than the average line next to it
What is your favorite volume indicator to spot fake breakouts
#W #TradingTips