🐋 $MAGIC broke through the 0.15 level. Orders and stop-losses tend to cluster around key levels.
Once price moves above it, short positions’ stop-losses above the level can get swept in a concentrated move, triggering a sharp acceleration. But if volume doesn’t follow through, price can easily get pushed back below the level.
Do you recognize this set of signals?
NFA—do your own research.
Once price moves above it, short positions’ stop-losses above the level can get swept in a concentrated move, triggering a sharp acceleration. But if volume doesn’t follow through, price can easily get pushed back below the level.
Do you recognize this set of signals?
NFA—do your own research.