Large-order perspective: $IDOL 15 surged 12.31% in 15 minutes
To assess the quality of buying pressure, I usually watch two things first:
Are there consecutive aggressive buy orders during the rise?
Are large orders dumping once the price moves higher?
For comparison: 24h trading volume was $285 million, up 66.99% over 24h. Only if the first condition holds and the second doesn’t can this move be considered genuinely supported by buying pressure.
#IDOL
Just casual chat; this is not advice of any kind.
To assess the quality of buying pressure, I usually watch two things first:
Are there consecutive aggressive buy orders during the rise?
Are large orders dumping once the price moves higher?
For comparison: 24h trading volume was $285 million, up 66.99% over 24h. Only if the first condition holds and the second doesn’t can this move be considered genuinely supported by buying pressure.
#IDOL
Just casual chat; this is not advice of any kind.
