Many traders focus on price, while market volume often serves as an early indicator of trend strength. Like the cheers in a stadium, volume shows how enthusiastic the 'audience' or market participants are 📊.
1. What Is Volume?
Volume indicates the number of transactions over a specific period. The higher the volume, the stronger the market interest in the asset.
2. Volume and Trends
If the price rises with high volume, the uptrend is stronger.
If the price rises but volume is low, be cautious—it could be a weak trend and prone to reversal ⚠️.