A shift in market positioning: $ICNT breaks above the 0.17 level
Key levels often have a large number of stop-loss orders clustered around them, making them popular spots for major players to make a move: they may either ride the breakout and push prices further, or sell into breakout-driven buying to take profits. To tell the two apart, watch which direction large orders are concentrated in above and below the price.
Key levels often have a large number of stop-loss orders clustered around them, making them popular spots for major players to make a move: they may either ride the breakout and push prices further, or sell into breakout-driven buying to take profits. To tell the two apart, watch which direction large orders are concentrated in above and below the price.