🐋 $CFX broke below its 24-hour low; selling pressure may not be over.
Current price: 0.05438, below the previous low of 0.05476. 24-hour trading volume: $2.28 million.
A large number of long-position stop-loss orders are often placed below the previous low. Breaking through it could trigger a cascade of liquidations; watch for large buy orders absorbing the sell-off at lower levels.
For reference only, not investment advice.
Current price: 0.05438, below the previous low of 0.05476. 24-hour trading volume: $2.28 million.
A large number of long-position stop-loss orders are often placed below the previous low. Breaking through it could trigger a cascade of liquidations; watch for large buy orders absorbing the sell-off at lower levels.
For reference only, not investment advice.