Follow the money: a sharp 4.93% surge in $BMT 5 minutes
To judge the quality of buying pressure, I usually watch two things first:
· Whether there are consecutive aggressive buy orders during the rise
· Whether large sell orders start hitting the market once the price reaches higher levels
Reference: 24h trading volume: $16.67 million; 24h change: +32.52%. If the first condition holds and the second doesn’t, then this rally is genuinely backed by capital.
To judge the quality of buying pressure, I usually watch two things first:
· Whether there are consecutive aggressive buy orders during the rise
· Whether large sell orders start hitting the market once the price reaches higher levels
Reference: 24h trading volume: $16.67 million; 24h change: +32.52%. If the first condition holds and the second doesn’t, then this rally is genuinely backed by capital.
