Are big players starting to make a move? $JCT 1-hour plunge of 13.74%
To judge the quality of selling pressure, I usually look at two things first:
Are there clusters of large sell orders during the drop?
Are there large buy orders stepping in after the price gets pushed down?
For comparison: 24h trading volume: $386 million, 24h change: -39.73%. If both are present, it often indicates a change of hands; if only the first is present, be careful—more selling pressure may follow.
#JCT
Just use this as a reference; don’t take it as fact.
To judge the quality of selling pressure, I usually look at two things first:
Are there clusters of large sell orders during the drop?
Are there large buy orders stepping in after the price gets pushed down?
For comparison: 24h trading volume: $386 million, 24h change: -39.73%. If both are present, it often indicates a change of hands; if only the first is present, be careful—more selling pressure may follow.
#JCT
Just use this as a reference; don’t take it as fact.