Volume - market volume
The market volume, also called the trading volume, the volume, or the volume indicator, measures how much the token has traded during each candle.
The higher the volume was, the more intense the battle in that candle was.
A high volume on a big white (or green) candle means that the battle was intense, yet the bulls had a clear win. It also means that during that period, the token was very interesting for the traders and that there was high liquidity in play there. This means that there are both buyers and sellers in play, so it’s easy to trade the token.
When the volume rises together with the price, we say that the price is sustained. This means that even when the battle is fierce (high volume), the token rises in price (bulls win). It’s considered a healthy rise. Here’s what it looks like on a chart:
Figure 4.8 – Volume rising with price
When the volume falls while the price rises, the rise...
