From a capital-flow perspective: a 3.09% rally over $PROM 5 minutes
To judge the quality of buying pressure, I’d first look at two things:
· Were there clusters of large orders during the rally?
· Did large orders start appearing on the sell side after the price reached a high?
For reference: 24h trading volume was $4.09 million, up 9.98% over 24h. Only if the first condition holds and the second doesn’t can this rally be considered supported by buying pressure.
To judge the quality of buying pressure, I’d first look at two things:
· Were there clusters of large orders during the rally?
· Did large orders start appearing on the sell side after the price reached a high?
For reference: 24h trading volume was $4.09 million, up 9.98% over 24h. Only if the first condition holds and the second doesn’t can this rally be considered supported by buying pressure.