Is big money coming in? $ON 1-hour rally of 7.08%
To figure out who's buying, I usually look at two details first:
· Are there clusters of aggressive buy orders during the rally?
· Are large sell orders hitting the market after the price rises?
For reference: 24h trading volume: $47.06 million, 24h +19.61%. The first condition is met, but the second isn't—only then can this rally be considered backed by buying pressure.
#ON
To figure out who's buying, I usually look at two details first:
· Are there clusters of aggressive buy orders during the rally?
· Are large sell orders hitting the market after the price rises?
For reference: 24h trading volume: $47.06 million, 24h +19.61%. The first condition is met, but the second isn't—only then can this rally be considered backed by buying pressure.
#ON