๐ $ON falls, 0.11 breaks through the key level. The area near the key level is usually where pending orders and stop-loss orders are the densest.
After it breaks, the stop-losses for long positions below may be triggered in a chain, leading to a period of accelerated selling; but if there is large institutional buying support at the low end, price may also be pulled back above the key level.
What would you do?
#ON
The above is a compilation of publicly available informationโplease refer to the original text.
After it breaks, the stop-losses for long positions below may be triggered in a chain, leading to a period of accelerated selling; but if there is large institutional buying support at the low end, price may also be pulled back above the key level.
What would you do?
#ON
The above is a compilation of publicly available informationโplease refer to the original text.