🐋 $W has fallen below the 0.017 level. Areas around key levels often have the highest concentration of limit orders and stop-losses.
After a breakdown, stop-losses on long positions below can be triggered in a cascade, accelerating the sell-off. But if large buyers step in at lower levels, the price could also rebound above the level.
Would you chase the move or stay on the sidelines?
After a breakdown, stop-losses on long positions below can be triggered in a cascade, accelerating the sell-off. But if large buyers step in at lower levels, the price could also rebound above the level.
Would you chase the move or stay on the sidelines?