Follow the money: $TAG breaks through the 0.0007 level
Large numbers of stop-loss orders tend to cluster around price levels like this. It’s exactly where the big players like to make their move: either use the breakout and surge in volume to drive prices higher, or cash out into the buying pressure the breakout attracts. To tell the difference, look at which side the large orders are leaning toward above and below the price.
Large numbers of stop-loss orders tend to cluster around price levels like this. It’s exactly where the big players like to make their move: either use the breakout and surge in volume to drive prices higher, or cash out into the buying pressure the breakout attracts. To tell the difference, look at which side the large orders are leaning toward above and below the price.