Looking at the token distribution: $T 5-minute plunge of 5.35%
To figure out who’s selling, I usually look for two things first:
· Are there clusters of aggressive sell orders during the drop?
· Are large buy orders stepping in after the price falls?
For reference: 24h trading volume is $6.7 million, up 46.81% over 24h. If both signs are present, it’s probably a shakeout; if only the first is present, beware of further selling pressure.
#T
To figure out who’s selling, I usually look for two things first:
· Are there clusters of aggressive sell orders during the drop?
· Are large buy orders stepping in after the price falls?
For reference: 24h trading volume is $6.7 million, up 46.81% over 24h. If both signs are present, it’s probably a shakeout; if only the first is present, beware of further selling pressure.
#T
