🐳 Where is the money going? A sharp 2.34% surge in $PIEVERSE 5 minutes
To gauge the quality of buying pressure, I usually look at two things first:
· Whether there are clusters of aggressive buy orders during the rise
· Whether large orders are selling into the price once it reaches higher levels
For reference: 24h trading volume was $258 million, up 16.21% over 24h. The first condition was met, and the second wasn’t—only then can we say this rally is being driven by buying pressure.
If you found this useful, follow me so you don’t miss the next post 👆
#PIEVERSE
Personal notes only; not a recommendation to take any action.
To gauge the quality of buying pressure, I usually look at two things first:
· Whether there are clusters of aggressive buy orders during the rise
· Whether large orders are selling into the price once it reaches higher levels
For reference: 24h trading volume was $258 million, up 16.21% over 24h. The first condition was met, and the second wasn’t—only then can we say this rally is being driven by buying pressure.
If you found this useful, follow me so you don’t miss the next post 👆
#PIEVERSE
Personal notes only; not a recommendation to take any action.
