Buy horizontal, buy the pit, don't buy vertical; the selling point is right at the boiling point. A continuous small increase is a real increase, while a continuous large increase requires exiting the market. A sharp drop with low volume is intimidation; a slow drop with increasing volume means to withdraw immediately. A significant rise requires a pullback; do not dig deep pits or buy heavily.
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Classic Trading Volume Mnemonics
Buy horizontal, buy the pit, don't buy vertical; the selling point is right at the boiling point.
A continuous small increase is a real increase, while a continuous large increase requires exiting the market.
A sharp drop with low volume is intimidation; a slow drop with increasing volume means to withdraw immediately.
A significant rise requires a pullback; do not dig deep pits or buy heavily.