🐳 Where is the money going? Plunged 7.03% in $JCT 5 minutes
To judge the quality of the sell-off, I first look at two details:
· Are there waves of aggressive sell orders during the drop?
· Are large buy orders stepping in after the price falls to a low?
Reference: 24h trading volume: $403 million, 24h change: -44.61%. If both are present, it’s probably a shakeout; if only the first is, beware of further selling pressure.
To judge the quality of the sell-off, I first look at two details:
· Are there waves of aggressive sell orders during the drop?
· Are large buy orders stepping in after the price falls to a low?
Reference: 24h trading volume: $403 million, 24h change: -44.61%. If both are present, it’s probably a shakeout; if only the first is, beware of further selling pressure.