🐋 Whale-watchers, take note: $SOPH has lost the 0.0016 level
Price levels like this often have clusters of stop-loss orders around them, and big players love to make their move here: they may break below to trigger the stops and then pull the price back up, or ride the momentum and push it lower. To tell which is happening, watch which direction trading around the level is concentrated in.
Price levels like this often have clusters of stop-loss orders around them, and big players love to make their move here: they may break below to trigger the stops and then pull the price back up, or ride the momentum and push it lower. To tell which is happening, watch which direction trading around the level is concentrated in.