Notable chip movements: $JCT 5-minute plunge of 2.22%
To assess the quality of selling pressure, I usually watch for two things:
· Are there consecutive large sell orders during the decline?
· Are large orders stepping in after the price is pushed lower?
For reference: 24h trading volume: $7.4 million; 24h change: +3.5%. If both conditions are met, it’s likely just a change of hands; if only the first is, beware of further selling pressure.
To assess the quality of selling pressure, I usually watch for two things:
· Are there consecutive large sell orders during the decline?
· Are large orders stepping in after the price is pushed lower?
For reference: 24h trading volume: $7.4 million; 24h change: +3.5%. If both conditions are met, it’s likely just a change of hands; if only the first is, beware of further selling pressure.