Follow the money: a sharp 2.31% surge in $VELVET 5 minutes
To judge the quality of buying pressure, I usually watch two things first:
· Are there consecutive large orders during the rally?
· Are large orders being sold after the price reaches a high?
For reference: 24h trading volume: $7.12 million; 24h change: +1.79%. The first condition is met, and the second is not—only then can we say this rally is backed by real buying pressure.
#VELVET
To judge the quality of buying pressure, I usually watch two things first:
· Are there consecutive large orders during the rally?
· Are large orders being sold after the price reaches a high?
For reference: 24h trading volume: $7.12 million; 24h change: +1.79%. The first condition is met, and the second is not—only then can we say this rally is backed by real buying pressure.
#VELVET