RE: Steem rebounds, but will it last?

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Steem rebounds, but will it last?

in trading •  8 years ago 

I noticed there were some fairly large buys earlier, but I haven't been watching Steem long enough to know whether that is normal or not..

But I would assume large buys and sell offers would affect the price yes ?

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8 years ago by

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      ·  8 years ago 

    Thanks for the upvote majes.

    Yes, volumes are important to price definitely.

    Every large move in either direction should be driven by large volumes to signal a credible price action and to remove doubt of a distorted move in a thin market. so for the past few long green candles we saw, those were done with decent buy volumes - hence a new sustainable trend upwards emerged thereafter.

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