Are funds flowing rapidly? $MAGIC 5-minute rally of 6.11%
To assess the strength of buying pressure, I usually look at two things first:
· Whether there are consecutive large orders during the rally
· Whether large orders are being sold after the price reaches a high
Reference: 24h trading volume: $9.58 million; 24h +32.98%. If the first is true and the second isn’t, then this rally is genuinely supported by buying pressure.
#MAGIC
Markets change quickly, so make your own judgment.
To assess the strength of buying pressure, I usually look at two things first:
· Whether there are consecutive large orders during the rally
· Whether large orders are being sold after the price reaches a high
Reference: 24h trading volume: $9.58 million; 24h +32.98%. If the first is true and the second isn’t, then this rally is genuinely supported by buying pressure.
#MAGIC
Markets change quickly, so make your own judgment.