What are the whales thinking? A sharp 3.72% rally in $US 5 minutes
To gauge the quality of buying pressure, I usually watch two things first:
Are there consecutive aggressive buy orders during the rise?
Do large sell orders start appearing once the price reaches higher levels?
For comparison: 24h trading volume is $111 million, down 17.32% over 24h. The first condition is met, but the second isn’t—only then can this move be considered driven by buying pressure.
To gauge the quality of buying pressure, I usually watch two things first:
Are there consecutive aggressive buy orders during the rise?
Do large sell orders start appearing once the price reaches higher levels?
For comparison: 24h trading volume is $111 million, down 17.32% over 24h. The first condition is met, but the second isn’t—only then can this move be considered driven by buying pressure.