👀 Funds watch: $BULLA 1-hour plunge of 5.72%
To gauge the quality of the sell-off, I usually look at two things first:
· Are there consecutive aggressive sell orders during the drop?
· Do large orders step in to absorb the selling at lower levels?
Reference: 24h trading volume: $12.54 million; 24h change: +0.48%. If both are present, it’s often a shakeout; if only the first is, watch out for more selling pressure.
To gauge the quality of the sell-off, I usually look at two things first:
· Are there consecutive aggressive sell orders during the drop?
· Do large orders step in to absorb the selling at lower levels?
Reference: 24h trading volume: $12.54 million; 24h change: +0.48%. If both are present, it’s often a shakeout; if only the first is, watch out for more selling pressure.
