Where the money is flowing, here's a clue: a 3.23% plunge in $INIT 5 minutes.
To gauge the strength of selling, I usually watch two things:
· Whether there are waves of aggressive sell orders during the drop
· Whether large buy orders step in to absorb the selling after the price is pushed to a low
For comparison: 24h trading volume is $946,000, 24h change is -1.3%. If both conditions are met, it’s probably just a change of hands; if only the first is met, be wary of further selling pressure.
#INIT
To gauge the strength of selling, I usually watch two things:
· Whether there are waves of aggressive sell orders during the drop
· Whether large buy orders step in to absorb the selling after the price is pushed to a low
For comparison: 24h trading volume is $946,000, 24h change is -1.3%. If both conditions are met, it’s probably just a change of hands; if only the first is met, be wary of further selling pressure.
#INIT