🐋 $US has moved above the 0.032 level. Orders and stop-losses are usually most concentrated around key levels.
After breaking above, short positions’ stop-losses overhead can easily get swept in a cluster, driving an acceleration higher. But if volume doesn’t keep up, price can also get knocked back below the level.
If the move reverses from here, how would you respond?
This is purely my personal opinion and is not a basis for buying or selling.
After breaking above, short positions’ stop-losses overhead can easily get swept in a cluster, driving an acceleration higher. But if volume doesn’t keep up, price can also get knocked back below the level.
If the move reverses from here, how would you respond?
This is purely my personal opinion and is not a basis for buying or selling.