Big money on the move? A sharp 2.12% surge in $FLOCK 5 minutes
To judge the quality of buying pressure, I’d first watch two things:
· Whether there are waves of aggressive buy orders during the rally
· Whether large sell orders appear after the price reaches a high
For comparison: 24h trading volume: $5.46 million; 24h change: -7.51%. Only if the first is present and the second absent can this rally be considered driven by buying pressure.
To judge the quality of buying pressure, I’d first watch two things:
· Whether there are waves of aggressive buy orders during the rally
· Whether large sell orders appear after the price reaches a high
For comparison: 24h trading volume: $5.46 million; 24h change: -7.51%. Only if the first is present and the second absent can this rally be considered driven by buying pressure.