Large-order perspective: $S plunged 9.2% in 1 hour
To figure out who’s selling, I’d first watch for two things:
Are there clusters of large sell orders during the decline?
Do large buy orders step in after the price is pushed lower?
For comparison: 24h trading volume was $34.13 million, up 3.53%. If both are happening, it’s probably just a change of hands; if only the first is happening, be cautious—more selling pressure may follow.
Just something to consider, not a recommendation to buy. Make your own decisions.
To figure out who’s selling, I’d first watch for two things:
Are there clusters of large sell orders during the decline?
Do large buy orders step in after the price is pushed lower?
For comparison: 24h trading volume was $34.13 million, up 3.53%. If both are happening, it’s probably just a change of hands; if only the first is happening, be cautious—more selling pressure may follow.
Just something to consider, not a recommendation to buy. Make your own decisions.