$PEPE broke through the 0.0₅4 level, where pending orders and stop-losses are often most densely clustered.
After moving above it, short stop-losses overhead can be triggered one after another, accelerating the move; but if volume doesn’t follow through, the price could just as easily be pushed back below the level.
What do you think happens next?
After moving above it, short stop-losses overhead can be triggered one after another, accelerating the move; but if volume doesn’t follow through, the price could just as easily be pushed back below the level.
What do you think happens next?