$PYTH volume is 0.9x the weekly average which tells you more than the price drop today
Most traders look at a red candle and panic without checking the fuel behind it
Right now $PYTH sits at $0.07654 down 2.0 percent from yesterday
That sounds like a heavy selloff until you look at the daily volume sitting at 0.9x the seven day average
Low volume means the sellers are not actually stepping in with size
You can check this ratio yourself in twenty seconds by opening the daily chart and comparing the current volume bar to the moving average line
A price drop on weak volume usually just means buyers are sleeping
What is your favorite tool for checking volume besides the basic chart bars
#PYTH #TradingTips
Most traders look at a red candle and panic without checking the fuel behind it
Right now $PYTH sits at $0.07654 down 2.0 percent from yesterday
That sounds like a heavy selloff until you look at the daily volume sitting at 0.9x the seven day average
Low volume means the sellers are not actually stepping in with size
You can check this ratio yourself in twenty seconds by opening the daily chart and comparing the current volume bar to the moving average line
A price drop on weak volume usually just means buyers are sleeping
What is your favorite tool for checking volume besides the basic chart bars
#PYTH #TradingTips