🐋 $SUI has fallen below the 1 level, where pending orders and stop-loss orders tend to be most concentrated.
After a break below, stop-losses on long positions underneath can easily be triggered in succession, accelerating the downward move. But if substantial buying comes in at lower levels, the price could also rebound above the level.
Bullish or bearish?
#SUI
After a break below, stop-losses on long positions underneath can easily be triggered in succession, accelerating the downward move. But if substantial buying comes in at lower levels, the price could also rebound above the level.
Bullish or bearish?
#SUI