Where the money is flowing, here's a clue: $SIREN plunged 5.07% in 15 minutes
To gauge the strength of selling pressure, I look at two details first:
· Are there clusters of large sell orders during the drop?
· Do large buy orders step in once the price reaches a low?
For reference: 24h trading volume: $236 million; 24h change: +8.74%. If both are present, it's often a shakeout; if only the first is, beware—another leg down may follow.
To gauge the strength of selling pressure, I look at two details first:
· Are there clusters of large sell orders during the drop?
· Do large buy orders step in once the price reaches a low?
For reference: 24h trading volume: $236 million; 24h change: +8.74%. If both are present, it's often a shakeout; if only the first is, beware—another leg down may follow.