Where the money is flowing—here’s a clue: plunged 7.19% in $KAIA 1 hours.
To gauge the quality of the selling, I’d first watch for two things:
· Are there consecutive large sell orders during the decline?
· After the price hits a low, are large buy orders stepping in to absorb the selling?
For reference: 24h trading volume was $21.3 million, up 43.72% over 24h. If both conditions are met, it’s often a shakeout; if only the first is, beware of further selling pressure.
#KAIA
NFA—do your own research.
To gauge the quality of the selling, I’d first watch for two things:
· Are there consecutive large sell orders during the decline?
· After the price hits a low, are large buy orders stepping in to absorb the selling?
For reference: 24h trading volume was $21.3 million, up 43.72% over 24h. If both conditions are met, it’s often a shakeout; if only the first is, beware of further selling pressure.
#KAIA
NFA—do your own research.