Is big money on the move? A sharp 5.15% rally in $ICNT 5 minutes
To judge the quality of the buying, I’d first watch two things:
Are there clusters of aggressive buy orders during the rally?
Do large sell orders start appearing after the price reaches a high?
For reference: 24h trading volume: $187 million; 24h change: +39.54%. If the first is true and the second isn’t, then buyers are genuinely driving this move.
To judge the quality of the buying, I’d first watch two things:
Are there clusters of aggressive buy orders during the rally?
Do large sell orders start appearing after the price reaches a high?
For reference: 24h trading volume: $187 million; 24h change: +39.54%. If the first is true and the second isn’t, then buyers are genuinely driving this move.