A note on tracking funds:
$LYN surged +6.65% in 1 hour, with the current price at 0.01541 and 24h trading volume at $9.68 million.
What does the fund flow tell us?
· The gains were concentrated in just 1 hour, suggesting aggressive buying
· The 24h return is still -10.3%, which looks more like short-term money
· Next, watch whether large orders follow through. If they stop, the gains could easily be given back
What would you do?
$LYN surged +6.65% in 1 hour, with the current price at 0.01541 and 24h trading volume at $9.68 million.
What does the fund flow tell us?
· The gains were concentrated in just 1 hour, suggesting aggressive buying
· The 24h return is still -10.3%, which looks more like short-term money
· Next, watch whether large orders follow through. If they stop, the gains could easily be given back
What would you do?