A change in token flows: a 8.91% rally in $AGT 5 minutes
To figure out who’s buying, I’d first watch two things:
· Whether there are consecutive large orders during the rally
· Whether large orders are selling into the price once it reaches a high
For reference: 24h trading volume: $199 million; 24h change: -29.92%. Only if the first condition holds and the second doesn’t can we say this rally is being driven by buying pressure.
To figure out who’s buying, I’d first watch two things:
· Whether there are consecutive large orders during the rally
· Whether large orders are selling into the price once it reaches a high
For reference: 24h trading volume: $199 million; 24h change: -29.92%. Only if the first condition holds and the second doesn’t can we say this rally is being driven by buying pressure.