From a capital-flow perspective: $ENA surged 1.61% in 5 minutes.
To judge the quality of the buying, I’d first watch two things:
· Were there clusters of aggressive buy orders during the rally?
· Did large sell orders start hitting the market after the price reached a high?
For reference: 24h trading volume was $23.12 million, and the 24h change was -2.47%. If the first is true and the second isn’t, then this rally really was being driven by buyers.
To judge the quality of the buying, I’d first watch two things:
· Were there clusters of aggressive buy orders during the rally?
· Did large sell orders start hitting the market after the price reached a high?
For reference: 24h trading volume was $23.12 million, and the 24h change was -2.47%. If the first is true and the second isn’t, then this rally really was being driven by buyers.