🐋 $ATOM breaks through the 1.8 level. Near key levels is often where pending orders and stop-losses are most concentrated.
Once price breaks and stands above, stop-losses on short positions overhead are likely to get swept, leading to a burst of acceleration; but if volume can’t keep up, it can also get pushed back below the level.
Is this a signal or a trap?
For reference only, not investment advice.
Once price breaks and stands above, stop-losses on short positions overhead are likely to get swept, leading to a burst of acceleration; but if volume can’t keep up, it can also get pushed back below the level.
Is this a signal or a trap?
For reference only, not investment advice.