Big orders leave clues in the trades: $RSR 15-minute plunge of 6.59%
To figure out who's selling, I usually look at two things first:
· Are there waves of aggressive sell orders during the drop?
· Are large buy orders stepping in after the price falls?
For reference: 24h trading volume: $17.96 million; 24h change: +42.53%. If both are present, it's often a shakeout; if only the first is, watch out for more selling pressure.
#RSR
To figure out who's selling, I usually look at two things first:
· Are there waves of aggressive sell orders during the drop?
· Are large buy orders stepping in after the price falls?
For reference: 24h trading volume: $17.96 million; 24h change: +42.53%. If both are present, it's often a shakeout; if only the first is, watch out for more selling pressure.
#RSR