Where the tokens are flowing—the clues are here: a $US 5-minute plunge of 2.5%
To figure out who’s selling, I’d first watch for two things:
· Whether large sell orders are appearing in clusters during the decline
· Whether large buy orders step in to absorb selling after the price falls to a low
For reference: 24h trading volume: $636 million; 24h change: -20.7%. If both are present, it’s most likely a shakeout; if only the first is present, be wary of another leg down.
#US
Manage your risk and make your own decisions.
To figure out who’s selling, I’d first watch for two things:
· Whether large sell orders are appearing in clusters during the decline
· Whether large buy orders step in to absorb selling after the price falls to a low
For reference: 24h trading volume: $636 million; 24h change: -20.7%. If both are present, it’s most likely a shakeout; if only the first is present, be wary of another leg down.
#US
Manage your risk and make your own decisions.