🐳 Market Notes: $VELVET 5-minute plunge of 2.38%
To gauge the strength of selling, I usually watch for two things:
· Are there consecutive aggressive sell orders during the decline?
· Do large buy orders step in after the price falls to a low?
For comparison: 24h trading volume was $8.41 million, up 1.95% over 24h. If both conditions are met, it’s probably just a change of hands; if only the first is met, beware—there may be more selling pressure ahead.
To gauge the strength of selling, I usually watch for two things:
· Are there consecutive aggressive sell orders during the decline?
· Do large buy orders step in after the price falls to a low?
For comparison: 24h trading volume was $8.41 million, up 1.95% over 24h. If both conditions are met, it’s probably just a change of hands; if only the first is met, beware—there may be more selling pressure ahead.