๐ $Q has fallen below the 0.13 level. Areas around key levels often have the highest concentration of limit orders and stop-losses.
After a break below, stop-losses on long positions underneath can easily be triggered all at once, leading to a sharp acceleration downward. But if major buyers step in at lower levels, the price could also rebound above the key level.
Which direction do you think is more likely?
After a break below, stop-losses on long positions underneath can easily be triggered all at once, leading to a sharp acceleration downward. But if major buyers step in at lower levels, the price could also rebound above the key level.
Which direction do you think is more likely?