As far as I know, trading volume really matters but of course, it should not be fake.
This volume attracts a trader and that's the start of a possible big pump.
However, we should be careful and not just rely volume when choosing a coin.
Yes, in my opinion in trading, transaction volume is only one of the important indicators to pay attention to besides price.
Volume can give more significance to price movements and show them more meaning regarding future movements and the overall trend.
Volume will also show whether the coin is healthy or not and how liquid it is in the market.
The more popular and also the more liquid, the potential to be a good investment.
But we must also have a strong understanding of the market history and its statistics and be careful of fake volume manipulation.
Well in my personal opinion the volume for me says all the information of the trading, in the crypto world if we go to the specific case of Btc it is very obvious that the volume is not consolidated, it is something very difficult to achieve and the exchanges do not do it to do, so sometimes one must do analysis with the exchanges that handle the most volume, however, in part I feel that sometimes some gambling is done if we trade like this, because it would be betting on luck and not on reading the volume com It should be, but still several analyzes can be done with some accuracy, but not as it should be, so far I have not found any platform with the consolidated volume.
As far as I know, trading volume really matters but of course, it should not be fake.
This volume attracts a trader and that's the start of a possible big pump.
However, we should be careful and not just rely volume when choosing a coin.
Yes, in my opinion in trading, transaction volume is only one of the important indicators to pay attention to besides price.
Volume can give more significance to price movements and show them more meaning regarding future movements and the overall trend.
Volume will also show whether the coin is healthy or not and how liquid it is in the market.
The more popular and also the more liquid, the potential to be a good investment.
But we must also have a strong understanding of the market history and its statistics and be careful of fake volume manipulation.
As I have said before, the one who knows how to read the volume well can determine all the movements of the market, that is, he will be the scholar who will never make a mistake in the market, of course we must take into account that the volume is not consolidated, this it is something that can subtract, but in general terms with a high volume exchange you can do many things and obtain good results.