From a market positioning perspective:
“ZEST briefly rose to $0.23, up more than 14% in 15 minutes.”
After news like this breaks, I ask three questions related to money:
1. Which way is aggressive buying and selling tilted?
2. Can trading volume of $ZEST ( $7.14 million over 24 hours) continue to grow?
3. Are whales making large transfers off exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just noise.
The same news can be interpreted very differently by people with different time horizons.
“ZEST briefly rose to $0.23, up more than 14% in 15 minutes.”
After news like this breaks, I ask three questions related to money:
1. Which way is aggressive buying and selling tilted?
2. Can trading volume of $ZEST ( $7.14 million over 24 hours) continue to grow?
3. Are whales making large transfers off exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just noise.
The same news can be interpreted very differently by people with different time horizons.