🐋 $ON has fallen below the 0.15 level. Orders and stop-losses are usually most concentrated near key levels.
After a breakdown, stop-losses on long positions below can be triggered one after another, leading to a faster sell-off. But if large buyers step in at lower levels, the price could also rebound above the level.
For the short term, are you bullish or leaning bearish?
#ON
Data is from public sources. Please do your own research (DYOR).
After a breakdown, stop-losses on long positions below can be triggered one after another, leading to a faster sell-off. But if large buyers step in at lower levels, the price could also rebound above the level.
For the short term, are you bullish or leaning bearish?
#ON
Data is from public sources. Please do your own research (DYOR).