Are positions changing hands quickly? $PROM has lost the 6 level
There are usually a lot of stop-loss orders around price levels like this, and big players love to make their moves here: they may push the price below the level to trigger stops, then buy it back up—or let it keep falling. To tell which is happening, look at which side is seeing more trading volume above and below the level.
#PROM
The content above is for reference only. Please make your own independent trading decisions.
There are usually a lot of stop-loss orders around price levels like this, and big players love to make their moves here: they may push the price below the level to trigger stops, then buy it back up—or let it keep falling. To tell which is happening, look at which side is seeing more trading volume above and below the level.
#PROM
The content above is for reference only. Please make your own independent trading decisions.