$ZK broke below the 0.017 level. Levels like this are often where orders and stop-losses are most concentrated.
After a break below, long positions’ stop-losses underneath can easily get swept up all at once, triggering a sharp downward move. But if there’s strong buying support at the lows, the price could also rebound above the level.
Anyone who knows more care to share their thoughts?
After a break below, long positions’ stop-losses underneath can easily get swept up all at once, triggering a sharp downward move. But if there’s strong buying support at the lows, the price could also rebound above the level.
Anyone who knows more care to share their thoughts?