🐋 Funds are voting with their feet: $BTW breaks above the 2.1 level
Key levels often have a large number of stop-loss orders clustered above and below them, making them favorite spots for major players to act: they may either use a high-volume breakout to push the price higher, or take profits into the buying triggered by the breakout. To tell the two apart, watch which side of the price level large orders are clustering on.
#BTW
Key levels often have a large number of stop-loss orders clustered above and below them, making them favorite spots for major players to act: they may either use a high-volume breakout to push the price higher, or take profits into the buying triggered by the breakout. To tell the two apart, watch which side of the price level large orders are clustering on.
#BTW