Watch the money, not the talk: $DOS 1-hour plunge of 7.22%
To figure out who's selling, I usually look at two details first:
· Are there consecutive aggressive sell orders during the drop?
· After the price gets knocked down to a low, are there large buy orders waiting to catch it?
For comparison: 24h trading volume was $179 million, down 13.62%. If both are present, it's probably a shakeout; if only the first is, be cautious—more selling pressure may follow.
To figure out who's selling, I usually look at two details first:
· Are there consecutive aggressive sell orders during the drop?
· After the price gets knocked down to a low, are there large buy orders waiting to catch it?
For comparison: 24h trading volume was $179 million, down 13.62%. If both are present, it's probably a shakeout; if only the first is, be cautious—more selling pressure may follow.