$GTC has moved above the 0.31 level, where limit orders and stop-losses tend to be most concentrated.
After a breakout, stop-losses on short positions above this level can be triggered all at once, driving a rapid move higher. But if volume doesn't follow through, the price can easily be knocked back below the level.
What do you think comes next?
After a breakout, stop-losses on short positions above this level can be triggered all at once, driving a rapid move higher. But if volume doesn't follow through, the price can easily be knocked back below the level.
What do you think comes next?