🐋 Order-book watchers, take note: $ADA breaks through the 0.18 level
There are usually clusters of limit orders near key levels, and big players love to make a move there: they may ride the breakout to push prices higher, or use buying from momentum chasers to offload their positions. To tell the difference, watch which side the large orders cluster on above and below the price.
There are usually clusters of limit orders near key levels, and big players love to make a move there: they may ride the breakout to push prices higher, or use buying from momentum chasers to offload their positions. To tell the difference, watch which side the large orders cluster on above and below the price.