$PENGU breached the 0.008 level. Levels like this are usually where orders and stop-losses are most concentrated.
After a break below, stop-losses on long positions underneath can easily be swept in a wave, triggering a sharp drop; but if large buyers step in at lower levels, the price could also rebound above the level.
What will you do if the market moves the other way next?
#PENGU
After a break below, stop-losses on long positions underneath can easily be swept in a wave, triggering a sharp drop; but if large buyers step in at lower levels, the price could also rebound above the level.
What will you do if the market moves the other way next?
#PENGU