Big money’s moves are more honest than slogans:
Down 7.34% in $CT 1 hours, with a current price of 0.3073 and 24-hour trading volume of $167 million.
What does the flow of funds tell us?
· The decline was concentrated in a very short period, indicating that selling pressure was intense
· It’s still up 0.58% over 24 hours, which looks more like short-term investors taking profits
· Next, watch to see whether buyers step in at lower levels; if not, a second dip is likely
What do you think?
This post is for informational purposes only and does not constitute investment advice.
Down 7.34% in $CT 1 hours, with a current price of 0.3073 and 24-hour trading volume of $167 million.
What does the flow of funds tell us?
· The decline was concentrated in a very short period, indicating that selling pressure was intense
· It’s still up 0.58% over 24 hours, which looks more like short-term investors taking profits
· Next, watch to see whether buyers step in at lower levels; if not, a second dip is likely
What do you think?
This post is for informational purposes only and does not constitute investment advice.