🐋 Capital is voting with its feet: $ESPORTS 15-minute plunge of 10.43%
To judge the quality of the selling pressure, I’d first watch for two things:
· Are there consecutive aggressive sell orders during the decline?
· Are large orders stepping in after the price drops?
For comparison: 24h trading volume is $679 million, up 89.86% over 24h. If both are present, it’s probably a shakeout; if only the first is, be wary of further selling pressure.
Just a reference—trade at your own risk.
To judge the quality of the selling pressure, I’d first watch for two things:
· Are there consecutive aggressive sell orders during the decline?
· Are large orders stepping in after the price drops?
For comparison: 24h trading volume is $679 million, up 89.86% over 24h. If both are present, it’s probably a shakeout; if only the first is, be wary of further selling pressure.
Just a reference—trade at your own risk.
