What are the whales doing? $GTC 1-hour rally of 68.57%
To figure out who's buying, I usually watch two things first:
· Are there consecutive aggressive buy orders during the rally?
· Do large sell orders start appearing after the price reaches a high?
For comparison: 24h trading volume is $11.12 million, up 57.24% over 24h. If the first condition is met and the second isn't, then there's real money driving this rally.
#GTC
I could be wrong, so please manage your own risk.
To figure out who's buying, I usually watch two things first:
· Are there consecutive aggressive buy orders during the rally?
· Do large sell orders start appearing after the price reaches a high?
For comparison: 24h trading volume is $11.12 million, up 57.24% over 24h. If the first condition is met and the second isn't, then there's real money driving this rally.
#GTC
I could be wrong, so please manage your own risk.