Follow the money: $LINK fails to hold the 12 level
Clusters of stop-loss orders often sit near key levels, and big players love to make their move there: either sweep up long-position stop-losses after a breakdown and then reclaim the level, or ride the momentum and drive prices lower after a decisive break. To tell the two apart, watch which side trading near the level favors.
#LINK
Clusters of stop-loss orders often sit near key levels, and big players love to make their move there: either sweep up long-position stop-losses after a breakdown and then reclaim the level, or ride the momentum and drive prices lower after a decisive break. To tell the two apart, watch which side trading near the level favors.
#LINK