🐋 Money is voting with its feet: a sharp 4.98% surge in $VELVET 1 hours
To figure out who's buying, I'd first watch for two things:
· Whether there are consecutive aggressive buy orders during the rally
· Whether large orders are being dumped after the price reaches a high
For comparison: 24h trading volume is $6.16 million, up 4.28% over 24h. The first condition is met and the second isn't—only then can we say this rally is being driven by buying pressure.
#VELVET
To figure out who's buying, I'd first watch for two things:
· Whether there are consecutive aggressive buy orders during the rally
· Whether large orders are being dumped after the price reaches a high
For comparison: 24h trading volume is $6.16 million, up 4.28% over 24h. The first condition is met and the second isn't—only then can we say this rally is being driven by buying pressure.
#VELVET