Big money’s actions are more honest than its words: $NEAR surged 8.15% in 1 hour.
To judge the quality of buying, I’d first watch two things:
· Whether there are waves of aggressive buy orders during the rise
· Whether large sell orders start dumping after the price moves higher
For reference: 24h trading volume was $177 million, 24h change -0.6%. If the first is true and the second isn’t, then this rally is being driven by real buying.
To judge the quality of buying, I’d first watch two things:
· Whether there are waves of aggressive buy orders during the rise
· Whether large sell orders start dumping after the price moves higher
For reference: 24h trading volume was $177 million, 24h change -0.6%. If the first is true and the second isn’t, then this rally is being driven by real buying.