🐋 $BTW broke through the 1.1 level, where pending orders and stop-losses are usually most concentrated.
Once it moves above that level, short-position stop-losses above it can easily be swept up in a cluster, triggering a quick acceleration. But if volume can’t keep up, it can just as easily get knocked back below the level—and it’s already back below 1.1 now.
Where are you looking next?
Once it moves above that level, short-position stop-losses above it can easily be swept up in a cluster, triggering a quick acceleration. But if volume can’t keep up, it can just as easily get knocked back below the level—and it’s already back below 1.1 now.
Where are you looking next?