A note on tracking capital flows: $USELESS rose 4.95% in 1 hour
To gauge the strength of buying, I usually watch two things first:
· Whether there are consecutive large orders during the rally
· Whether large sell orders start pushing the price down after it reaches a high
For comparison: 24h trading volume was $15.75 million, up 8.53% over 24h. If the first condition holds and the second doesn’t, then the rally is genuinely backed by capital.
To gauge the strength of buying, I usually watch two things first:
· Whether there are consecutive large orders during the rally
· Whether large sell orders start pushing the price down after it reaches a high
For comparison: 24h trading volume was $15.75 million, up 8.53% over 24h. If the first condition holds and the second doesn’t, then the rally is genuinely backed by capital.