Market funds watch: $SIREN 5-minute sharp rally of 8.01%
To figure out who's buying, I usually look at two things first:
· Are there consecutive aggressive buy orders during the rally?
· Once the price moves higher, do large sell orders start hitting the market?
For reference: 24h trading volume was $7.07 million, 24h change: -0.45%. The first condition is met, but not the second—only then can we say this rally is genuinely backed by buying pressure.
#SIREN
To figure out who's buying, I usually look at two things first:
· Are there consecutive aggressive buy orders during the rally?
· Once the price moves higher, do large sell orders start hitting the market?
For reference: 24h trading volume was $7.07 million, 24h change: -0.45%. The first condition is met, but not the second—only then can we say this rally is genuinely backed by buying pressure.
#SIREN