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RE: Steemit Crypto Academy Contest / S14W5 : Exploring STEEM/USDT Trading
Your explanation of the significance of trading volume in the STEEM/USDT pair is spot-on. Indeed, monitoring trading volume provides a valuable additional perspective on market behavior.
Your observation that high trading volume signals strong interest and potential price movements is a crucial point for traders. The influx of buying and selling activities indicates market participation, and this heightened interest often determine significant price shifts
Thank you so much for your encouraging feedback. I am indeed happy that you found my explanation of the significance of trading volume in the STEEM/USDT pair to be spot-on.
Monitoring trading volume can indeed provide valuable insights into market behavior. When there's high trading volume, it usually signals strong interest and potential price movements. The increased buying and selling activities indicate active market participation, and this heightened interest often leads to significant price shifts. Therefore, it is definitely an important analysis tool for traders to consider. Thanks again for your kind words and compliment of the season.