๐ $OGN breaks through the half-year high to 0.02743; 24h trading volume expands to 213.3 times the daily average.
Near the stage high, short-sell stop-loss orders and sell orders from previously trapped positions are usually stacked up. Higher volume indicates these orders have been absorbed. Once theyโve been eaten, if the buy-side demand is still there, the price should move more easily; if the buy-side disappears all at once, be careful of a spike followed by a pullback.
#OGN
This is for discussion onlyโuse at your own risk.
Near the stage high, short-sell stop-loss orders and sell orders from previously trapped positions are usually stacked up. Higher volume indicates these orders have been absorbed. Once theyโve been eaten, if the buy-side demand is still there, the price should move more easily; if the buy-side disappears all at once, be careful of a spike followed by a pullback.
#OGN
This is for discussion onlyโuse at your own risk.