🐳 Where is the money going? $GRIFFAIN 15-minute plunge of 4.35%
To assess the strength of the selling pressure, I first look for two things:
· Whether there are consecutive aggressive sell orders during the decline
· Whether large buy orders step in to absorb the selling after the price reaches a low
For reference: 24-hour trading volume is $39.11 million, up 5.96% over 24 hours. If both conditions are met, it’s probably a shakeout; if only the first is true, be alert for another leg down.
This is for informational purposes only and does not constitute investment advice.
To assess the strength of the selling pressure, I first look for two things:
· Whether there are consecutive aggressive sell orders during the decline
· Whether large buy orders step in to absorb the selling after the price reaches a low
For reference: 24-hour trading volume is $39.11 million, up 5.96% over 24 hours. If both conditions are met, it’s probably a shakeout; if only the first is true, be alert for another leg down.
This is for informational purposes only and does not constitute investment advice.