🐋 $ACE fell below the 0.19 level. Areas around key levels usually have the highest concentration of limit orders and stop-losses.
After a breakdown, stop-losses on long positions below can be triggered in a chain, leading to a faster sell-off. But if major buyers step in at lower levels, the price could also rebound above the threshold.
If it were you, would you trade or sit on the sidelines?
For market commentary only. Please make your own trading decisions.
After a breakdown, stop-losses on long positions below can be triggered in a chain, leading to a faster sell-off. But if major buyers step in at lower levels, the price could also rebound above the threshold.
If it were you, would you trade or sit on the sidelines?
For market commentary only. Please make your own trading decisions.