Basic trader tools (Part 5)
Trading volume
The trading volume provides the trader with important information about the liquidity of the asset, demonstrates the total number of digital coins for which transactions were made. An analysis of this indicator allows you to understand whether it is worth starting to trade on the cryptocurrency exchange in the selected position and will allow you to determine a profitable period for transactions.
Using the trading volume data, it is possible to determine the moment of the end of the corrective movement, which is often accompanied by an increase in the trading volume in value outside the main trend. Such a point is considered optimal for entering the market for trend trading.
It should also be understood that a large volume of trading is not a guarantee of a strong further movement in value, comprehensive approach and tracking of all indicators is needed for a thorough analysis.
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