Capital flow watch: $JCT plunged 7.18% in 5 minutes
To assess the quality of the selling, I’d first watch two details:
· Whether large sell orders appear in clusters during the decline
· Whether large buy orders step in to absorb selling after it hits a low
Reference: 24h trading volume: $739 million, 24h +293.87%. If both are true, it’s often a shakeout; if only the first is true, beware of further selling pressure.
#JCT
To assess the quality of the selling, I’d first watch two details:
· Whether large sell orders appear in clusters during the decline
· Whether large buy orders step in to absorb selling after it hits a low
Reference: 24h trading volume: $739 million, 24h +293.87%. If both are true, it’s often a shakeout; if only the first is true, beware of further selling pressure.
#JCT
