Where the money is flowing: here are the clues. $KAVA surged 10.01% in 15 minutes.
To gauge the strength of buying pressure, I usually look at two things first:
· Whether there are clusters of large orders during the rally
· Whether large orders start dumping after the price reaches higher levels
Reference: 24h trading volume: $23.6 million; 24h change: -51.01%. If the first is true and the second isn’t, then this rally is genuinely being driven by money.
To gauge the strength of buying pressure, I usually look at two things first:
· Whether there are clusters of large orders during the rally
· Whether large orders start dumping after the price reaches higher levels
Reference: 24h trading volume: $23.6 million; 24h change: -51.01%. If the first is true and the second isn’t, then this rally is genuinely being driven by money.
