From a capital-flow perspective: $NEAR breaks below the 4.4 level
Clusters of stop-loss orders usually sit near key levels, and big players love to make a move there: they may sweep up long positions’ stop-losses on the break, then push the price back up—or they may genuinely drive it lower for a while. To tell which is happening, look at which way the large orders above and below the price are skewed.
#NEAR
Personal notes; not a recommendation to buy or sell.
Clusters of stop-loss orders usually sit near key levels, and big players love to make a move there: they may sweep up long positions’ stop-losses on the break, then push the price back up—or they may genuinely drive it lower for a while. To tell which is happening, look at which way the large orders above and below the price are skewed.
#NEAR
Personal notes; not a recommendation to buy or sell.