🐋 $XRP has broken below the 1.3 threshold, where pending orders and stop-losses are usually most concentrated.
After the break, long-position stop-losses below may be triggered in succession, leading to a sharp accelerated drop. But if large buyers step in at lower levels, the price could also be pulled back above the threshold.
Anyone who understands this want to weigh in?
#XRP
After the break, long-position stop-losses below may be triggered in succession, leading to a sharp accelerated drop. But if large buyers step in at lower levels, the price could also be pulled back above the threshold.
Anyone who understands this want to weigh in?
#XRP