🐳 Funds note: plunged 3.39% in $EVAA 5 minutes
To assess the quality of selling pressure, I usually look at two details first:
· Whether there are clusters of large sell orders during the decline
· Whether large orders step in to buy after the price falls to a low
For comparison: 24h trading volume is $289 million, up 122.7% over 24h. If both are present, it’s often a sign of rotation; if only the first is present, be wary of further selling pressure.
Personal notes only. Make your own trading decisions.
To assess the quality of selling pressure, I usually look at two details first:
· Whether there are clusters of large sell orders during the decline
· Whether large orders step in to buy after the price falls to a low
For comparison: 24h trading volume is $289 million, up 122.7% over 24h. If both are present, it’s often a sign of rotation; if only the first is present, be wary of further selling pressure.
Personal notes only. Make your own trading decisions.
