ANSEM This volume doesn’t look right.
In 30 minutes it surged 40%, with trading volume of $31 million, but the net flow is negative—-$24k. What does that mean? Someone is giving the volume.
There are 6 “smart money” entries; the ranking isn’t at the very top, but it’s not low either. It suggests there are many participants, but the chips are loose. At this level of 0.187, if today’s bullish candle can’t hold and it pulls back, liquidity will tighten very quickly.
My view is: if this underlying truly has strong support and follow-through, then with $30M in trading it wouldn’t result in a net outflow. Wait for one more one-hour candle before judging.
In 30 minutes it surged 40%, with trading volume of $31 million, but the net flow is negative—-$24k. What does that mean? Someone is giving the volume.
There are 6 “smart money” entries; the ranking isn’t at the very top, but it’s not low either. It suggests there are many participants, but the chips are loose. At this level of 0.187, if today’s bullish candle can’t hold and it pulls back, liquidity will tighten very quickly.
My view is: if this underlying truly has strong support and follow-through, then with $30M in trading it wouldn’t result in a net outflow. Wait for one more one-hour candle before judging.