$BTC
Areas directly below the 60,000 mark are prime real estate for gathering stop loss orders for longs, alongside reactive sell stops. A sharp drop below this level is often a tactical move by market makers to liquidate these positions, absorb the supply, and then a quick rebound to close the door behind retail traders.
Areas directly below the 60,000 mark are prime real estate for gathering stop loss orders for longs, alongside reactive sell stops. A sharp drop below this level is often a tactical move by market makers to liquidate these positions, absorb the supply, and then a quick rebound to close the door behind retail traders.