$SHELL — Aggressive buying activity is not dominant today
Current Binance Spot data for today shows:
Total volume: ~8.89M SHELL
Taker-buy volume: ~4.05M SHELL
Taker-buy share: about 45.6%
This means aggressive buy volume currently accounts for less than half of total trading volume.
At the same time, $SHELL has fallen from today’s high of 0.0220 to around 0.0205.
These two observations are consistent with stronger selling pressure during the current part of the session.
However, taker-buy volume is not net capital flow and cannot be used alone to conclude that whales are selling.
Price reaction, total volume, and candle closes should still be evaluated together.
#SHELL #OrderFlow #Volume #Binance
Current Binance Spot data for today shows:
Total volume: ~8.89M SHELL
Taker-buy volume: ~4.05M SHELL
Taker-buy share: about 45.6%
This means aggressive buy volume currently accounts for less than half of total trading volume.
At the same time, $SHELL has fallen from today’s high of 0.0220 to around 0.0205.
These two observations are consistent with stronger selling pressure during the current part of the session.
However, taker-buy volume is not net capital flow and cannot be used alone to conclude that whales are selling.
Price reaction, total volume, and candle closes should still be evaluated together.
#SHELL #OrderFlow #Volume #Binance