Are positions changing hands quickly?
$ESPORTS 1-hour drop of 5.2%, current price 0.01469, with 24h trading volume of $726 million.
Let’s break it down from the flow of funds:
· The drop is concentrated within just one hour, suggesting a heavy concentration of aggressive selling
· It’s still up 13.85% over 24h, which looks more like profit-taking
· Next, watch for large buy orders absorbing the sell pressure near the lows. Without them, the price could easily keep falling
How are you playing it?
Volatility is high—use leverage within your means.
$ESPORTS 1-hour drop of 5.2%, current price 0.01469, with 24h trading volume of $726 million.
Let’s break it down from the flow of funds:
· The drop is concentrated within just one hour, suggesting a heavy concentration of aggressive selling
· It’s still up 13.85% over 24h, which looks more like profit-taking
· Next, watch for large buy orders absorbing the sell pressure near the lows. Without them, the price could easily keep falling
How are you playing it?
Volatility is high—use leverage within your means.