Funds are voting with their feet: a sharp 2.37% surge in $AKE 5 minutes
To judge the quality of buying pressure, I usually watch two things first:
Whether clusters of aggressive buy orders appear during the rally
Whether large sell orders start hitting the market once the price reaches higher levels
For reference: 24h trading volume was $380 million, up 7.48% over 24h. The first condition was met, but the second wasn't—only then can we say funds are really driving this rally.
#AKE
I can't guarantee I'm right. Make your own decision.
To judge the quality of buying pressure, I usually watch two things first:
Whether clusters of aggressive buy orders appear during the rally
Whether large sell orders start hitting the market once the price reaches higher levels
For reference: 24h trading volume was $380 million, up 7.48% over 24h. The first condition was met, but the second wasn't—only then can we say funds are really driving this rally.
#AKE
I can't guarantee I'm right. Make your own decision.