From the perspective of capital flows: a sharp 12.5% rally in $SIREN 1 hours
To gauge the quality of buying pressure, I usually watch two things first:
· Whether there are clusters of aggressive buy orders during the rally
· Whether large sell orders come in after the price moves higher
For comparison: 24h trading volume was $127 million, up 57.51% over 24h. The first condition is met and the second isn’t—only then can we say buying pressure is driving this move.
To gauge the quality of buying pressure, I usually watch two things first:
· Whether there are clusters of aggressive buy orders during the rally
· Whether large sell orders come in after the price moves higher
For comparison: 24h trading volume was $127 million, up 57.51% over 24h. The first condition is met and the second isn’t—only then can we say buying pressure is driving this move.