🐋 $BR broke through the 0.45 level, where pending orders and stop-losses are usually most concentrated.
Once above it, short stop-losses overhead can easily get swept up all at once, driving an accelerated move. But if volume doesn’t keep up, the price can also get knocked back below the level—and it’s already back under 0.45 now.
Vote in the comments: up or down?
Once above it, short stop-losses overhead can easily get swept up all at once, driving an accelerated move. But if volume doesn’t keep up, the price can also get knocked back below the level—and it’s already back under 0.45 now.
Vote in the comments: up or down?