From a market-positioning perspective: $ICNT 5-minute plunge of 5.67%
To assess the strength of selling pressure, I usually look at two things first:
· Are there consecutive aggressive sell orders during the drop?
· Do large orders step in after the price reaches a low?
For comparison: 24h trading volume: $132 million; 24h change: -10.65%. If both conditions are met, it’s often a shakeout. If only the first is true, be cautious—more selling pressure may follow.
#ICNT
This is not a recommendation. Make your own trading decisions.
To assess the strength of selling pressure, I usually look at two things first:
· Are there consecutive aggressive sell orders during the drop?
· Do large orders step in after the price reaches a low?
For comparison: 24h trading volume: $132 million; 24h change: -10.65%. If both conditions are met, it’s often a shakeout. If only the first is true, be cautious—more selling pressure may follow.
#ICNT
This is not a recommendation. Make your own trading decisions.