🐋 Order-book watchers, take note: $ON 1-hour plunge of 16.67%
To figure out who's selling, I usually look at two details first:
· Are there consecutive aggressive sell orders during the decline?
· After it drops to a low, do large buy orders step in?
For reference: 24h trading volume $248 million, 24h +40.66%. If both are present, it’s often just a change of hands; if only the first is present, beware of further selling pressure.
To figure out who's selling, I usually look at two details first:
· Are there consecutive aggressive sell orders during the decline?
· After it drops to a low, do large buy orders step in?
For reference: 24h trading volume $248 million, 24h +40.66%. If both are present, it’s often just a change of hands; if only the first is present, beware of further selling pressure.
