🐳 Where is the money going? $BIRB 1-hour rally of 30.99%
To judge the quality of buying pressure, I first watch two details:
· Whether there are consecutive aggressive buy orders during the rally
· Whether large sell orders start appearing after the price reaches a high
For comparison: 24h trading volume is $34.52 million, up 40.82% over 24h. Only when the first condition is met and the second isn’t can we say this rally is backed by funds.
#BIRB
To judge the quality of buying pressure, I first watch two details:
· Whether there are consecutive aggressive buy orders during the rally
· Whether large sell orders start appearing after the price reaches a high
For comparison: 24h trading volume is $34.52 million, up 40.82% over 24h. Only when the first condition is met and the second isn’t can we say this rally is backed by funds.
#BIRB
