🐋 Capital is voting with its feet: a 7.44% surge over $EVAA 15 minutes
To gauge the quality of buying pressure, I usually watch two things:
· Are there waves of aggressive buy orders during the rally?
· Do large sell orders appear after the price reaches a high?
For comparison: 24h trading volume was $482 million, up 88.41%. If the first is true and the second isn't, then the rally is genuinely being driven by buying pressure.
To gauge the quality of buying pressure, I usually watch two things:
· Are there waves of aggressive buy orders during the rally?
· Do large sell orders appear after the price reaches a high?
For comparison: 24h trading volume was $482 million, up 88.41%. If the first is true and the second isn't, then the rally is genuinely being driven by buying pressure.