From the order-book perspective: $SUI breaks below the 0.95 level
There are usually clusters of resting orders around key levels, and big players love to exploit these areas: they may push the price below the level to trigger stop-losses on long positions, then reclaim it—or follow through and drive the price lower. To tell the difference, look at which direction trading volume is skewed on either side of the price level.
#SUI
There are usually clusters of resting orders around key levels, and big players love to exploit these areas: they may push the price below the level to trigger stop-losses on long positions, then reclaim it—or follow through and drive the price lower. To tell the difference, look at which direction trading volume is skewed on either side of the price level.
#SUI
