Big money positioning? $MUBARAK plunged 3.38% in 5 minutes
To figure out who's selling, I usually look at two things first:
· Are there clusters of aggressive sell orders during the drop?
· Do large buy orders step in to absorb the selling after the price falls?
For comparison: 24h trading volume was $17.33 million, up 3.36% over 24h. If both conditions are met, it's often a shift in ownership; if only the first is, beware of another leg down.
#MUBARAK
To figure out who's selling, I usually look at two things first:
· Are there clusters of aggressive sell orders during the drop?
· Do large buy orders step in to absorb the selling after the price falls?
For comparison: 24h trading volume was $17.33 million, up 3.36% over 24h. If both conditions are met, it's often a shift in ownership; if only the first is, beware of another leg down.
#MUBARAK