🐋 $QNT fell below the 240 level, where clusters of pending orders and stop-losses are often concentrated.
After a break below, long positions’ stop-losses underneath can be triggered all at once, leading to a sharp acceleration downward. But if major buyers step in at lower levels, the price could also rebound above 240—and it has already climbed back above that level.
Will the market turn around next?
Crypto markets are highly volatile. Please be aware of the risks.
After a break below, long positions’ stop-losses underneath can be triggered all at once, leading to a sharp acceleration downward. But if major buyers step in at lower levels, the price could also rebound above 240—and it has already climbed back above that level.
Will the market turn around next?
Crypto markets are highly volatile. Please be aware of the risks.