Capital flow watch: $ICNT 1-hour plunge of 5.96%
To figure out who’s selling, I usually watch for two things:
Are there clusters of aggressive sell orders during the decline?
Are large buy orders stepping in to absorb the selling at lower levels?
For reference: 24h trading volume was $77.88 million, down 5.32% over 24h. If both conditions are met, it’s often a shakeout; if only the first is, be wary—there may be another leg down.
I can be wrong too, so make your own judgment.
To figure out who’s selling, I usually watch for two things:
Are there clusters of aggressive sell orders during the decline?
Are large buy orders stepping in to absorb the selling at lower levels?
For reference: 24h trading volume was $77.88 million, down 5.32% over 24h. If both conditions are met, it’s often a shakeout; if only the first is, be wary—there may be another leg down.
I can be wrong too, so make your own judgment.