🐳 $CLANKER Chip activity analysis:
Trading volume was 83.5 times the 20-day average → a large amount of shares changed hands near the 90-day high.
A high-volume breakout above the previous high of 17.52 can usually be interpreted in two ways: buyers aggressively absorbed the selling pressure at the previous high (bullish), or long-time holders used the breakout to sell (bearish). To tell the difference, watch whether the price can hold above the previous high.
Be aware of the risks and make your own decisions.
Trading volume was 83.5 times the 20-day average → a large amount of shares changed hands near the 90-day high.
A high-volume breakout above the previous high of 17.52 can usually be interpreted in two ways: buyers aggressively absorbed the selling pressure at the previous high (bullish), or long-time holders used the breakout to sell (bearish). To tell the difference, watch whether the price can hold above the previous high.
Be aware of the risks and make your own decisions.