🐋 $AKE failed to hold the 0.03 level. Levels like this are usually where pending orders and stop-losses are most concentrated.
Once the price breaks below, stop-losses on long positions underneath can easily be triggered in a cascade, leading to a rapid sell-off. But if large buyers step in at lower levels, the price could also rebound above the level.
What’s the key level you’re watching?
#AKE
This article is for informational purposes only and is not investment advice.
Once the price breaks below, stop-losses on long positions underneath can easily be triggered in a cascade, leading to a rapid sell-off. But if large buyers step in at lower levels, the price could also rebound above the level.
What’s the key level you’re watching?
#AKE
This article is for informational purposes only and is not investment advice.