From a chip perspective: $UAI 1-hour rally of 24.86%
To figure out who’s buying, I usually watch two things first:
· Whether there are clusters of aggressive buy orders during the rally
· Whether large sell orders start dumping once the price is pushed higher
For comparison: 24h trading volume was $166 million, up 110.11%. The first condition is met, and the second isn’t, so this rally appears to be driven by genuine buying pressure.
#UAI
I may not be right. Trade at your own risk.
To figure out who’s buying, I usually watch two things first:
· Whether there are clusters of aggressive buy orders during the rally
· Whether large sell orders start dumping once the price is pushed higher
For comparison: 24h trading volume was $166 million, up 110.11%. The first condition is met, and the second isn’t, so this rally appears to be driven by genuine buying pressure.
#UAI
I may not be right. Trade at your own risk.