Big money making moves? $US 5-minute plunge of 2.39%
To gauge the quality of selling pressure, I usually watch two details first:
· Are there clusters of aggressive sell orders during the drop?
· Is there substantial buying support after the price hits a low?
For comparison: 24h trading volume is $218 million, up 103.13% over 24h. If both conditions hold, it’s often a shakeout; if only the first does, be cautious—another leg down may follow.
Don’t treat this as a buy or sell signal.
To gauge the quality of selling pressure, I usually watch two details first:
· Are there clusters of aggressive sell orders during the drop?
· Is there substantial buying support after the price hits a low?
For comparison: 24h trading volume is $218 million, up 103.13% over 24h. If both conditions hold, it’s often a shakeout; if only the first does, be cautious—another leg down may follow.
Don’t treat this as a buy or sell signal.