The Difference Between a Busy Market and a Moving Market

Sometimes the footprint is full of volume, but price barely moves.

That tells me something different from a market that travels several points on relatively little activity.

High activity with little progress can indicate a struggle between buyers and sellers. Strong price movement with limited opposition may indicate thinner liquidity.

Neither situation automatically tells me to buy or sell.

The useful question is: how much progress is price making relative to the effort being put into the market?