Are the whales dumping $A ?
It plunged 2.95% in 5 minutes, with 24-hour trading volume at $6.25 million. A drop this fast probably means selling pressure has hit all at once.
It’s not panic selling yet. Watch to see whether large orders step in to buy at lower levels.
What will you do if it reverses later?
#A
Take it as something to listen to, not a cue to buy. Make your own decision.
It plunged 2.95% in 5 minutes, with 24-hour trading volume at $6.25 million. A drop this fast probably means selling pressure has hit all at once.
It’s not panic selling yet. Watch to see whether large orders step in to buy at lower levels.
What will you do if it reverses later?
#A
Take it as something to listen to, not a cue to buy. Make your own decision.