🐋 Capital is voting with its feet: $Lobster plunged 4.82% in 1 hour.
To gauge the strength of the selling, I’d first watch two things:
· Are there consecutive aggressive sell orders during the drop?
· Is there significant buying support after the price gets pushed down?
For context: 24h trading volume is $41.64 million, up 0.83% over 24h. If both conditions are met, it’s probably just a shakeout; if only the first is true, be wary of further selling pressure.
To gauge the strength of the selling, I’d first watch two things:
· Are there consecutive aggressive sell orders during the drop?
· Is there significant buying support after the price gets pushed down?
For context: 24h trading volume is $41.64 million, up 0.83% over 24h. If both conditions are met, it’s probably just a shakeout; if only the first is true, be wary of further selling pressure.