What are the whales thinking? A sharp 2.74% rally in $LYN 5 minutes
To figure out who's buying, I'd first watch two things:
· Whether there are clusters of aggressive buy orders during the rally
· Whether large sell orders appear after the price reaches a high
Reference: 24h trading volume: $8.01 million; 24h change: -2.71%. Only if the first condition holds and the second doesn't can this move be considered driven by buying pressure.
To figure out who's buying, I'd first watch two things:
· Whether there are clusters of aggressive buy orders during the rally
· Whether large sell orders appear after the price reaches a high
Reference: 24h trading volume: $8.01 million; 24h change: -2.71%. Only if the first condition holds and the second doesn't can this move be considered driven by buying pressure.