Big money’s moves are more honest than slogans: $Q 5-minute surge of 3.88%
To judge the quality of buying pressure, I first watch for two things:
· Are there consecutive large orders during the rally?
· Do large sell orders start appearing after it reaches a high?
For comparison: 24h trading volume was $27.88 million, up 12.55% over 24h. The first condition is met, but the second isn’t—only then can we say this rally is backed by capital.
#Q
This is just my personal opinion, not a basis for trading.
To judge the quality of buying pressure, I first watch for two things:
· Are there consecutive large orders during the rally?
· Do large sell orders start appearing after it reaches a high?
For comparison: 24h trading volume was $27.88 million, up 12.55% over 24h. The first condition is met, but the second isn’t—only then can we say this rally is backed by capital.
#Q
This is just my personal opinion, not a basis for trading.