🐳 Whale Funds Note: Plunged 7.28% in $Q 1 hours
To assess how genuine the selling pressure is, I first watch for two things:
· Whether there are consecutive aggressive sell orders during the decline
· Whether large orders step in to buy after the price drops
For reference: 24h trading volume was $162 million, up 28.51% over 24h. If both conditions are met, it’s often a shakeout; if only the first is, beware of another leg down.
To assess how genuine the selling pressure is, I first watch for two things:
· Whether there are consecutive aggressive sell orders during the decline
· Whether large orders step in to buy after the price drops
For reference: 24h trading volume was $162 million, up 28.51% over 24h. If both conditions are met, it’s often a shakeout; if only the first is, beware of another leg down.