🐋 $BTW breaks through the 2 level. Areas around key levels are often where pending orders and stop-losses are most concentrated.
Once it moves above, short positions’ stop-losses overhead can easily get swept up all at once, triggering a burst of acceleration. But if volume doesn’t follow through, it can just as easily get pushed back below the level.
Do you think this is the beginning or the end?
#BTW
Once it moves above, short positions’ stop-losses overhead can easily get swept up all at once, triggering a burst of acceleration. But if volume doesn’t follow through, it can just as easily get pushed back below the level.
Do you think this is the beginning or the end?
#BTW