Watch the money, not the talk: a sharp 21.9% rally in $JCT 1 hours
To judge the strength of buying, I’d first look at two details:
· Were there consecutive large orders during the rally?
· Did large orders start to sell after the price reached a high?
For reference: 24h trading volume was $614 million, down 28.52% over 24h. Only if the first condition is met and the second isn’t can we say real buying is driving this rally.
To judge the strength of buying, I’d first look at two details:
· Were there consecutive large orders during the rally?
· Did large orders start to sell after the price reached a high?
For reference: 24h trading volume was $614 million, down 28.52% over 24h. Only if the first condition is met and the second isn’t can we say real buying is driving this rally.