🐋 A note for order-book watchers: $Q 5-minute surge of 6.15%
To figure out who's buying, I usually watch two things first:
· Are there clusters of large orders during the rally?
· After the price rises, do large sell orders start hitting the market?
For comparison: 24h trading volume was $107 million, up 10.85% over 24h. If the first condition is met and the second isn't, then this rally can be considered to be driven by buying pressure.
To figure out who's buying, I usually watch two things first:
· Are there clusters of large orders during the rally?
· After the price rises, do large sell orders start hitting the market?
For comparison: 24h trading volume was $107 million, up 10.85% over 24h. If the first condition is met and the second isn't, then this rally can be considered to be driven by buying pressure.