🐋 $BNCB hit a new 24-hour low, and selling pressure hasn’t let up.
The current price is 5.28, below the previous low of 5.33, with 24-hour trading volume of $5.36 million.
There are often plenty of long-position stop-losses clustered below the previous low. Breaking through it can trigger a cascade of liquidations; watch for large orders stepping in to buy at lower levels.
#BNCB
The current price is 5.28, below the previous low of 5.33, with 24-hour trading volume of $5.36 million.
There are often plenty of long-position stop-losses clustered below the previous low. Breaking through it can trigger a cascade of liquidations; watch for large orders stepping in to buy at lower levels.
#BNCB