Big-money moves are often reflected in the trades: $JCT surged 11.25% in 1 hour.
To judge the quality of buying pressure, I’d first watch two things:
· Whether there are waves of aggressive buy orders during the rise
· Whether large orders start selling heavily after the price reaches a high
For comparison: 24h trading volume was $467 million, up 136.29% over 24h. If the first condition holds and the second doesn’t, then buyers are genuinely driving this rally.
To judge the quality of buying pressure, I’d first watch two things:
· Whether there are waves of aggressive buy orders during the rise
· Whether large orders start selling heavily after the price reaches a high
For comparison: 24h trading volume was $467 million, up 136.29% over 24h. If the first condition holds and the second doesn’t, then buyers are genuinely driving this rally.
