🐋 $W failed to hold the 0.017 level. Areas near key levels are often where limit orders and stop-losses are most densely concentrated.
After a breakdown, long positions’ stop-losses below can easily be swept in a concentrated move, triggering a sharp accelerated drop. But if substantial buyers step in at lower levels, the price may also rebound above the level.
Signal or noise?
#W
Just a note, not trading advice.
After a breakdown, long positions’ stop-losses below can easily be swept in a concentrated move, triggering a sharp accelerated drop. But if substantial buyers step in at lower levels, the price may also rebound above the level.
Signal or noise?
#W
Just a note, not trading advice.