🐋 $ZEC has moved above the 1150 level, where pending orders and stop-losses are often most concentrated.
After breaking above, short sellers’ stop-losses overhead can easily be triggered all at once, driving a sharp move higher; but if volume doesn’t follow through, the price could just as easily be pushed back below the level.
How would you sum up your view right now in one sentence?
After breaking above, short sellers’ stop-losses overhead can easily be triggered all at once, driving a sharp move higher; but if volume doesn’t follow through, the price could just as easily be pushed back below the level.
How would you sum up your view right now in one sentence?