Big money on the move? Up 6% in $WAL 5 minutes
To gauge the quality of buying pressure, I usually watch two things first:
· Are there consecutive aggressive buy orders during the rally?
· Are large sell orders coming in after the price reaches a high?
For comparison: 24h trading volume is $43.84 million, up 54.82% over 24h. If the first condition holds and the second doesn't, then this rally is genuinely backed by buying pressure.
To gauge the quality of buying pressure, I usually watch two things first:
· Are there consecutive aggressive buy orders during the rally?
· Are large sell orders coming in after the price reaches a high?
For comparison: 24h trading volume is $43.84 million, up 54.82% over 24h. If the first condition holds and the second doesn't, then this rally is genuinely backed by buying pressure.