$FTM volume is 0.3x its weekly average and most traders are reading the chart completely wrong
Price is sitting at 0.69940 down 0.8 percent on the day inside a tight 0.69000 to 0.71110 range
When a coin drops with normal volume it means sellers are active
When it drops with 0.3x average volume it just means nobody cares
That low number is the ratio of today to the seven day average daily trade count
If a breakdown happens on dead volume you are looking at a fake move not a real flush
Check your chart settings and look for the twenty four hour volume compared to the simple moving average
Do not take my word for it, tap $FTM and look at the candles
What is your cutoff ratio before you trust a breakout
#FTM #TradingTips
Price is sitting at 0.69940 down 0.8 percent on the day inside a tight 0.69000 to 0.71110 range
When a coin drops with normal volume it means sellers are active
When it drops with 0.3x average volume it just means nobody cares
That low number is the ratio of today to the seven day average daily trade count
If a breakdown happens on dead volume you are looking at a fake move not a real flush
Check your chart settings and look for the twenty four hour volume compared to the simple moving average
Do not take my word for it, tap $FTM and look at the candles
What is your cutoff ratio before you trust a breakout
#FTM #TradingTips