Fund flow watch: $IRYS 1-hour plunge of 11.58%
To judge who’s selling, I usually look at two details first:
· Are there consecutive aggressive sell orders during the decline?
· After the price hits a low, are there large buy orders absorbing the selling?
For comparison: 24h trading volume was $1.482 billion, down 81.95% over 24h. If both conditions hold, it’s probably just a change of hands; if only the first does, be wary of another leg down.
To judge who’s selling, I usually look at two details first:
· Are there consecutive aggressive sell orders during the decline?
· After the price hits a low, are there large buy orders absorbing the selling?
For comparison: 24h trading volume was $1.482 billion, down 81.95% over 24h. If both conditions hold, it’s probably just a change of hands; if only the first does, be wary of another leg down.