Effort VS result in the recent drop
2024-11-12

Took  BINANCE:DOGEUSDT   as an exapmple but can be applied to other crypto tickers  like  BITSTAMP:BTCUSD  


Look at the average volume in the past 8hrs and look at the outlier. A lot of sell volume effort has been made and the result is a long wicked candle. 

Meaning the buy pressure is still here, many had limit orders waiting.
Meaning the effort is inconsistent with the result
Meaning the downward continuation should not be possible. 