Where the chips are headed, here's a clue: $AKE surged 3.59% in 15 minutes.
To gauge the strength of buying pressure, I’d first watch two things:
· Whether there are waves of aggressive buy orders during the rally
· Whether large orders are dumping after the price reaches a high
For reference: 24h trading volume was $1.428 billion, up 98.72% over 24h. If the first is true and the second is not, then this rally can be considered genuinely backed by buying pressure.
To gauge the strength of buying pressure, I’d first watch two things:
· Whether there are waves of aggressive buy orders during the rally
· Whether large orders are dumping after the price reaches a high
For reference: 24h trading volume was $1.428 billion, up 98.72% over 24h. If the first is true and the second is not, then this rally can be considered genuinely backed by buying pressure.