🐋 $ATOM has fallen below the 1.8 level. Areas around key levels are usually where limit orders and stop-losses are most concentrated.
After a break below, stop-losses on long positions can easily be triggered one after another, leading to a sharp downward move. But if large buyers step in at the lows, the price could also be pulled back above the level.
Do you think the market has fully priced this in?
#ATOM
After a break below, stop-losses on long positions can easily be triggered one after another, leading to a sharp downward move. But if large buyers step in at the lows, the price could also be pulled back above the level.
Do you think the market has fully priced this in?
#ATOM