📐 Data: $MAGIC | Breaking through the 0.11 level
· Definition: A large number of stop-loss orders often accumulate near key levels. Once the price moves past one, those stops can be triggered all at once, often causing volatility to spike.
· How to read it: Moving past a key level only shows that one side has the upper hand at that moment. Whether the move continues depends on where the next key level is and whether trading volume can be sustained.
Cross-checking multiple data points is more reliable than looking at just one, but no number of indicators can provide a definitive answer.
This does not constitute a buy or sell signal.
· Definition: A large number of stop-loss orders often accumulate near key levels. Once the price moves past one, those stops can be triggered all at once, often causing volatility to spike.
· How to read it: Moving past a key level only shows that one side has the upper hand at that moment. Whether the move continues depends on where the next key level is and whether trading volume can be sustained.
Cross-checking multiple data points is more reliable than looking at just one, but no number of indicators can provide a definitive answer.
This does not constitute a buy or sell signal.