Fund flows have shifted: a 7.32% plunge over $MAGMA 1 hours
To gauge the quality of the selling, I’d first watch for two things:
· Whether large sell orders appear in clusters during the decline
· Whether large buy orders step in after the price hits a low
Reference: 24h trading volume: $16.95 million; 24h change: -8.14%. If both conditions are met, it’s probably just a rotation of holdings; if only the first is met, beware of further selling pressure.
To gauge the quality of the selling, I’d first watch for two things:
· Whether large sell orders appear in clusters during the decline
· Whether large buy orders step in after the price hits a low
Reference: 24h trading volume: $16.95 million; 24h change: -8.14%. If both conditions are met, it’s probably just a rotation of holdings; if only the first is met, beware of further selling pressure.
