Is big money on the move? $SAFE has lost the 0.13 level.
Key levels usually have a large number of stop-loss orders clustered around them, making them attractive spots for big players to act: they may either push the price below the level to trigger long stop-losses, then let it recover, or ride the momentum and drive it lower. To tell the difference, watch which side of the price sees more concentrated trading volume.
Key levels usually have a large number of stop-loss orders clustered around them, making them attractive spots for big players to act: they may either push the price below the level to trigger long stop-losses, then let it recover, or ride the momentum and drive it lower. To tell the difference, watch which side of the price sees more concentrated trading volume.