Are funds changing hands rapidly?
$Lobster plunged 5.9% in 15 minutes, with a current price of 0.04704 and 24-hour trading volume of $208 million.
A closer look at the flow of funds:
· The drop was concentrated in just 15 minutes, suggesting heavy selling was concentrated
· It’s still up 16.58% over 24 hours, which looks more like profit-taking
· Next, watch to see whether buyers step in at lower levels; if not, it could continue to fall
Like this if you think it makes sense, or leave a comment if you disagree.
#Lobster
Not investment advice.
$Lobster plunged 5.9% in 15 minutes, with a current price of 0.04704 and 24-hour trading volume of $208 million.
A closer look at the flow of funds:
· The drop was concentrated in just 15 minutes, suggesting heavy selling was concentrated
· It’s still up 16.58% over 24 hours, which looks more like profit-taking
· Next, watch to see whether buyers step in at lower levels; if not, it could continue to fall
Like this if you think it makes sense, or leave a comment if you disagree.
#Lobster
Not investment advice.