Is the float rotating quickly? $VVV 1 hourly plunge 4.45%
To judge who is selling, I’ll first watch two details:
· Whether there are consecutive large sell orders during the decline
· Whether there are large buy orders stepping in after it gets pushed down
Reference: 24h trading volume $42.54 million, 24h -10.83%. If both hold, it’s mostly a shakeout; if only the first does, beware of another leg down.
#VVV
Content is for reference only and does not constitute investment advice. DYOR.
To judge who is selling, I’ll first watch two details:
· Whether there are consecutive large sell orders during the decline
· Whether there are large buy orders stepping in after it gets pushed down
Reference: 24h trading volume $42.54 million, 24h -10.83%. If both hold, it’s mostly a shakeout; if only the first does, beware of another leg down.
#VVV
Content is for reference only and does not constitute investment advice. DYOR.