👀 Whales are watching this: a 3.78% sell-off over $SIREN 5 minutes
To gauge the strength of the selling, I’d first watch for two things:
· Whether there are consecutive large sell orders during the decline
· Whether large buy orders step in after the price gets pushed down
For comparison: 24h trading volume is $218 million, up 7.68% over 24h. If both signs are present, it’s probably just a shakeout; if only the first is, beware of further selling pressure.
To gauge the strength of the selling, I’d first watch for two things:
· Whether there are consecutive large sell orders during the decline
· Whether large buy orders step in after the price gets pushed down
For comparison: 24h trading volume is $218 million, up 7.68% over 24h. If both signs are present, it’s probably just a shakeout; if only the first is, beware of further selling pressure.