Watch the money, not the talk: a 5.52% surge over $CAP 1 hours
To judge the quality of buying pressure, I’d first look at two details:
Are there clusters of large orders during the rally?
Are large orders being dumped after the price reaches a high?
For reference: 24h trading volume was $117 million, up 15.17% over 24h. Only when the first condition is met and the second isn’t can we say this rally is being driven by buying pressure.
To judge the quality of buying pressure, I’d first look at two details:
Are there clusters of large orders during the rally?
Are large orders being dumped after the price reaches a high?
For reference: 24h trading volume was $117 million, up 15.17% over 24h. Only when the first condition is met and the second isn’t can we say this rally is being driven by buying pressure.