🐋 $ZEREBRO fell below the 0.025 level. Areas around key levels are often where the densest clusters of limit orders and stop-losses sit.
After a breakdown, long positions’ stop-losses below can easily get swept in a cluster, triggering a sharp accelerated drop. But if big buyers step in at the lows, the price could also rebound above the level.
Anyone who knows more care to weigh in?
After a breakdown, long positions’ stop-losses below can easily get swept in a cluster, triggering a sharp accelerated drop. But if big buyers step in at the lows, the price could also rebound above the level.
Anyone who knows more care to weigh in?