🐋 Capital is voting with its feet: $LIT breaks through the 3 level
There are usually clusters of stop-loss orders above and below key levels, and big players love to make their move in these areas: either use a high-volume breakout to drive prices higher, or sell into the buying triggered by the breakout. To tell the two apart, watch which side is attracting most of the trading volume around the price level.
There are usually clusters of stop-loss orders above and below key levels, and big players love to make their move in these areas: either use a high-volume breakout to drive prices higher, or sell into the buying triggered by the breakout. To tell the two apart, watch which side is attracting most of the trading volume around the price level.