From the order-flow perspective: $ONE 5 minutes plunged 3.68%
To assess the quality of selling pressure, I usually look at two details first:
· Were there sustained waves of aggressive sell orders during the decline?
· Were there large buy orders waiting below?
For reference: 24h trading volume was $44.45 million, up 7.34% over 24h. If both conditions are met, it’s probably a shakeout; if only the first is, be cautious of further selling pressure.
#ONE
To assess the quality of selling pressure, I usually look at two details first:
· Were there sustained waves of aggressive sell orders during the decline?
· Were there large buy orders waiting below?
For reference: 24h trading volume was $44.45 million, up 7.34% over 24h. If both conditions are met, it’s probably a shakeout; if only the first is, be cautious of further selling pressure.
#ONE