🐋 $LINK fell below the 12 level. Orders and stop-losses are usually most concentrated around key levels.
After a break below, long positions’ stop-losses underneath can be triggered all at once, leading to a faster drop. But if large buyers step in at lower levels, the price could also bounce back above the level.
What confirmation are you waiting for before taking action?
After a break below, long positions’ stop-losses underneath can be triggered all at once, leading to a faster drop. But if large buyers step in at lower levels, the price could also bounce back above the level.
What confirmation are you waiting for before taking action?