Most traders ignore volume confirmation and chase price alone.
$FIL is down 3.4% today.
Volume is $6.4M that’s 0.7x the 7-day average.
To check this yourself: go to Binance, click volume, divide today’s number by the 7-day average.
A move without volume behind it is noise. This isn’t a breakout. It’s a fade.
If volume were 1.5x or higher, I’d look for structure shifts. It’s not.
Next time I trade, I wait for volume above 1.0x the 7-day average before considering momentum.
What’s your rule for volume confirmation?
#TradingTips #FIL
Not financial advice. My levels, my risk.