🐋 $BTW has fallen below the 1.5 level. Orders and stop-losses tend to cluster most densely around key levels.
After a break below, stop-losses on long positions below can easily be triggered en masse, leading to a sharp downward move. But if major buyers step in at lower levels, the price could also rebound above the key level.
Leave a comment with your view, and we’ll check back in a few days to see who was right.
#BTW
Volatility is high, so size your positions according to what you can afford.
After a break below, stop-losses on long positions below can easily be triggered en masse, leading to a sharp downward move. But if major buyers step in at lower levels, the price could also rebound above the key level.
Leave a comment with your view, and we’ll check back in a few days to see who was right.
#BTW
Volatility is high, so size your positions according to what you can afford.