🐋 Order-book watch: $ARC surged 11.82% in 15 minutes
To gauge the strength of buying pressure, I’d watch two things first:
· Whether large orders appear in clusters during the surge
· Whether large sell orders start hitting the market after it reaches a high
For reference: 24h trading volume was $81.9 million, up 3.15% over 24h. If the first happens and the second doesn’t, then this rally is genuinely backed by buying pressure.
#ARC
To gauge the strength of buying pressure, I’d watch two things first:
· Whether large orders appear in clusters during the surge
· Whether large sell orders start hitting the market after it reaches a high
For reference: 24h trading volume was $81.9 million, up 3.15% over 24h. If the first happens and the second doesn’t, then this rally is genuinely backed by buying pressure.
#ARC