Follow the money:
$Q : down 14.35% in 5 minutes, currently at 0.0615, with 24-hour trading volume of $148 million.
What does the flow of funds tell us?
· The decline was concentrated in just 5 minutes, suggesting urgent selling pressure
· It’s still up 20.91% over 24 hours, which looks more like profit-taking
· Next, watch to see whether buyers step in at these low levels. If they don’t, it could easily fall further
What would you do now?
$Q : down 14.35% in 5 minutes, currently at 0.0615, with 24-hour trading volume of $148 million.
What does the flow of funds tell us?
· The decline was concentrated in just 5 minutes, suggesting urgent selling pressure
· It’s still up 20.91% over 24 hours, which looks more like profit-taking
· Next, watch to see whether buyers step in at these low levels. If they don’t, it could easily fall further
What would you do now?