Did a large amount of capital come in? $XPL plunged 4.05% in 5 minutes.
To figure out who’s selling, I usually watch two things first:
· Are there clusters of large sell orders during the drop?
· Are there large buy orders stepping in after the price gets pushed down?
For reference: 24h trading volume: $5.64 million; 24h change: -7.58%. If both are present, it often indicates a change of hands. If only the first is present, watch out for further selling pressure.
#XPL
To figure out who’s selling, I usually watch two things first:
· Are there clusters of large sell orders during the drop?
· Are there large buy orders stepping in after the price gets pushed down?
For reference: 24h trading volume: $5.64 million; 24h change: -7.58%. If both are present, it often indicates a change of hands. If only the first is present, watch out for further selling pressure.
#XPL