Follow the money: $JCT surged 3.39% in 5 minutes
To figure out who's buying, I usually watch two things first:
· Are there consecutive large orders during the move up?
· After it reaches a higher level, do large sell orders start hitting the market?
For reference: 24h trading volume was $86.99 million, up 53.7% over 24h. Only when the first condition is met and the second isn't can we say this move is being driven by buying pressure.
#JCT
Personal notes, not investment advice.
To figure out who's buying, I usually watch two things first:
· Are there consecutive large orders during the move up?
· After it reaches a higher level, do large sell orders start hitting the market?
For reference: 24h trading volume was $86.99 million, up 53.7% over 24h. Only when the first condition is met and the second isn't can we say this move is being driven by buying pressure.
#JCT
Personal notes, not investment advice.