What are the factors that determine the volume under the limit in KuCoin and how can it be analyzed for trading strategies?
Anil AsanaharMay 06, 2024 · 2 years ago1 answers
Can you explain the factors that influence the volume under the limit in KuCoin and provide insights on how to analyze it for trading strategies?
1 answers
- Raheel SheikhAug 15, 2020 · 5 years agoThe volume under the limit in KuCoin is influenced by various factors, including market demand, liquidity, and trading activity. Market demand refers to the number of buyers and sellers interested in a particular cryptocurrency. If there is high demand, the volume under the limit will likely increase. Liquidity, on the other hand, refers to the ease of buying or selling a cryptocurrency without causing significant price fluctuations. Higher liquidity generally leads to higher volume. Lastly, trading activity, such as the number of trades executed and the size of those trades, also affects the volume under the limit. To analyze the volume for trading strategies, you can use technical analysis tools like volume indicators and chart patterns. These tools can help you identify trends, confirm price movements, and make informed trading decisions.
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