From a market positioning perspective: $BILL 15-minute rally of 4.12%
To gauge the strength of the buying, I’d first watch for two things:
· Were there consecutive aggressive buy orders during the rally?
· Did large sell orders start hitting the market after the price reached a high?
For reference: 24h trading volume: $6.49 million; 24h +10.11%. If the first is true and the second isn’t, then this rally is genuinely backed by buying pressure.
#BILL
To gauge the strength of the buying, I’d first watch for two things:
· Were there consecutive aggressive buy orders during the rally?
· Did large sell orders start hitting the market after the price reached a high?
For reference: 24h trading volume: $6.49 million; 24h +10.11%. If the first is true and the second isn’t, then this rally is genuinely backed by buying pressure.
#BILL