Most people ignore volume and chase price alone.
$CVC is up 69% in 24 hours but volume is 8.4x its 7-day average.
8.4x is calculated as $3.9M divided by 464K (which is $3.9M ÷ 8.4).
That’s not a breakout it’s a volume-backed breakout.
Without volume, a 69% move is noise. With 8x volume, it’s a signal.
Check it yourself: go to Binance, click 7D volume, divide 24H volume by it. Takes 20 seconds.
On the next trade, I wait for volume above 3x the 7-day average before considering the move meaningful.
What’s your rule for volume confirmation?
#TradingTips #CVC
Not financial advice. My levels, my risk.
$CVC is up 69% in 24 hours but volume is 8.4x its 7-day average.
8.4x is calculated as $3.9M divided by 464K (which is $3.9M ÷ 8.4).
That’s not a breakout it’s a volume-backed breakout.
Without volume, a 69% move is noise. With 8x volume, it’s a signal.
Check it yourself: go to Binance, click 7D volume, divide 24H volume by it. Takes 20 seconds.
On the next trade, I wait for volume above 3x the 7-day average before considering the move meaningful.
What’s your rule for volume confirmation?
#TradingTips #CVC
Not financial advice. My levels, my risk.