Big players’ moves are often hidden in trading activity: $NEAR loses the 5 level
These price levels often have clusters of orders around them, and big players love to make their moves here: either use a break below to trigger stop-losses on long positions, then pull the price back up, or ride the momentum lower for a while. To tell which is happening, watch which side trading activity is concentrated on near the level.
These price levels often have clusters of orders around them, and big players love to make their moves here: either use a break below to trigger stop-losses on long positions, then pull the price back up, or ride the momentum lower for a while. To tell which is happening, watch which side trading activity is concentrated on near the level.