"The Trap of Fake Trading Volumes"
โ: Don't be fooled by the numbers! ๐ How to detect "fake trading volume" and avoid falling into the trap?
XRP
1.3532
+1.14%
:
Sometimes you see an enormous trading volume but the price doesn't move, and this is called "Wash Trading". Whales trade with themselves to create a false impression of interest in the currency. A smart trader compares the trading volume with the actual price movement (Price Action). If the volume is huge and the price is stable, there is a hidden distribution process. Do you monitor the Volume before entering your trades?#VolumeTrading #MarketAnalysis #TradingSecrets #CryptoEducation #Write2Earn