🐋 $Q has moved above the 0.055 level, where limit orders and stop-loss orders are often most concentrated.
Once it breaks above, stop-losses on short positions above the level can be triggered all at once, driving a sharp move higher. But if volume fails to pick up, it could also be pushed back below the level.
What would you do if the market moves in the opposite direction next?
#Q
Once it breaks above, stop-losses on short positions above the level can be triggered all at once, driving a sharp move higher. But if volume fails to pick up, it could also be pushed back below the level.
What would you do if the market moves in the opposite direction next?
#Q
