๐ $GTC broke through the 0.25 level.
There are often a lot of orders clustered around key levels, so first, understand how they work.
There are usually quite a few stop-loss orders clustered near key levels. If the price breaks through, those stops will be triggered all at once, and volatility can spike sharply.
The same data can mean completely different things in different market conditions, so donโt blindly apply a single rule of thumb.
#GTC
There are often a lot of orders clustered around key levels, so first, understand how they work.
There are usually quite a few stop-loss orders clustered near key levels. If the price breaks through, those stops will be triggered all at once, and volatility can spike sharply.
The same data can mean completely different things in different market conditions, so donโt blindly apply a single rule of thumb.
#GTC