🐋 $SKY breaks through the 7-day low, selling pressure not yet stopped.
Current price 0.07608, breaks below the previous low 0.07672, with 24h trading volume of $3.72 million.
Below the previous low, large amounts of long positions' stop-loss orders are often resting; once pierced, it may trigger a cascade of liquidations. Keep an eye on whether there are big orders absorbing at low levels.
#SKY
For order-book recording only, not for trading advice.
Current price 0.07608, breaks below the previous low 0.07672, with 24h trading volume of $3.72 million.
Below the previous low, large amounts of long positions' stop-loss orders are often resting; once pierced, it may trigger a cascade of liquidations. Keep an eye on whether there are big orders absorbing at low levels.
#SKY
For order-book recording only, not for trading advice.