Looking at it from the perspective of capital flows: a 3.77% plunge in $AKE 5 minutes
To judge the quality of selling pressure, I first watch for two things:
· Are there waves of aggressive sell orders during the decline?
· Are large buy orders stepping in after the price is driven lower?
For comparison: 24h trading volume was $124 million, down 35.28% over 24h. If both conditions are met, it’s probably shakeout selling; if only the first is true, beware of another leg down.
To judge the quality of selling pressure, I first watch for two things:
· Are there waves of aggressive sell orders during the decline?
· Are large buy orders stepping in after the price is driven lower?
For comparison: 24h trading volume was $124 million, down 35.28% over 24h. If both conditions are met, it’s probably shakeout selling; if only the first is true, beware of another leg down.