🐋 For those watching the order book, note: $ZK 1 hourly surge 7.52%
To figure out who is buying, I usually first watch two details:
· During the surge, are there clusters of aggressive buy orders?
· After the price rises to the top, are large sell orders coming out?
Comparison: 24h trading volume $6.34 million, 24h +7.75%. The first condition is met, the second is not, so this rally can be considered to have real buying pressure pushing it up.
#ZK
To figure out who is buying, I usually first watch two details:
· During the surge, are there clusters of aggressive buy orders?
· After the price rises to the top, are large sell orders coming out?
Comparison: 24h trading volume $6.34 million, 24h +7.75%. The first condition is met, the second is not, so this rally can be considered to have real buying pressure pushing it up.
#ZK