claim I want to explain something simple but important .. We will take an example of cryptocurrency $CFX
We have a field called volume, what does it mean? It means the total value that has been traded over the course of a full day, whether it be selling or buying.
🪙 If you find the volume high and you find that the price of the cryptocurrency is also rising, even if by a small percentage, then this means that liquidity has entered the cryptocurrency and more buying has occurred than selling.
🪙 If you find the volume high but the price of the cryptocurrency is declining, this means liquidity is being withdrawn and there are many selling operations.
So from the image, we have a high volume of 6.93% and the value of the cryptocurrency is low by 1.83%, so this is one of several signs of many selling operations and temporary liquidity withdrawal.
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0.0934
-5.27%
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$CFX should be taken down quickly
