🐋 $ALGO hit a new 24-hour low; selling pressure hasn’t ended.
Current price: 0.1138, below the previous low of 0.1144. 24-hour trading volume: $4.05 million.
There are often many long-position stop-loss orders below the previous low. Breaking below it can trigger a cascade of liquidations; watch for large orders absorbing selling at lower levels.
#ALGO
Current price: 0.1138, below the previous low of 0.1144. 24-hour trading volume: $4.05 million.
There are often many long-position stop-loss orders below the previous low. Breaking below it can trigger a cascade of liquidations; watch for large orders absorbing selling at lower levels.
#ALGO